Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
106.29M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 106.29M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
106.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.19M.
We will project this out 5 year(s) with a growth rate
of -0.88%.
Estimated Diluted Shares Outstanding: 24.1M.
Step 3: Project Future Stock Price
Using a price ratio of 36.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(106.29M ÷ 24.1M) × 36.85 =
$162
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.28.
Projected over 5 years with a growth rate of
-15.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9072576820883914.
Step 5: Discount the Projected Stock Price
Projected stock price: $162.
Including dividends, total future value: $162.91.
Discounted at 10% per
year over 5 years → Fair Value:
$101.
