Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
236.41M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
3.84%.
Starting with 236.41M and growing at 3.84%
for 5 years, we estimate Free Cash Flow will be
285.43M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 137.82M.
We will project this out 5 year(s) with a growth rate
of -0.19%.
Estimated Diluted Shares Outstanding: 136.51M.
Step 3: Project Future Stock Price
Using a price ratio of 12.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(285.43M ÷ 136.51M) × 12.72 =
$26
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
-7.79%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.26591627056275.
Step 5: Discount the Projected Stock Price
Projected stock price: $26.
Including dividends, total future value: $29.27.
Discounted at 10% per
year over 5 years → Fair Value:
$18.
