Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
232.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
22.74%.
Starting with 232.86M and growing at 22.74%
for 5 years, we estimate Free Cash Flow will be
648.66M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.99M.
We will project this out 5 year(s) with a growth rate
of 7.51%.
Estimated Diluted Shares Outstanding: 53.13M.
Step 3: Project Future Stock Price
Using a price ratio of 8.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(648.66M ÷ 53.13M) × 8.84 =
$107
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.45.
Projected over 5 years with a growth rate of
4.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.104979915823797.
Step 5: Discount the Projected Stock Price
Projected stock price: $107.
Including dividends, total future value: $115.1.
Discounted at 10% per
year over 5 years → Fair Value:
$71.
