Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
167.51M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 167.51M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
167.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 54.09M.
We will project this out 5 year(s) with a growth rate
of -0.08%.
Estimated Diluted Shares Outstanding: 53.87M.
Step 3: Project Future Stock Price
Using a price ratio of 4.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(167.51M ÷ 53.87M) × 4.44 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.
Projected over 5 years with a growth rate of
62.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$50.453412786512935.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $63.45.
Discounted at 10% per
year over 5 years → Fair Value:
$39.
