Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
299.1M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.41%.
Starting with 299.1M and growing at -7.41%
for 5 years, we estimate Free Cash Flow will be
203.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 57.55M.
We will project this out 5 year(s) with a growth rate
of -0.77%.
Estimated Diluted Shares Outstanding: 55.37M.
Step 3: Project Future Stock Price
Using a price ratio of 17.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(203.53M ÷ 55.37M) × 17.05 =
$62
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.1.
Projected over 5 years with a growth rate of
-16.70%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.483174185062618.
Step 5: Discount the Projected Stock Price
Projected stock price: $62.
Including dividends, total future value: $65.48.
Discounted at 10% per
year over 5 years → Fair Value:
$40.
