Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
280.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 280.04M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
280.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 118.29M.
We will project this out 5 year(s) with a growth rate
of 2.62%.
Estimated Diluted Shares Outstanding: 134.62M.
Step 3: Project Future Stock Price
Using a price ratio of 112.67, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(280.04M ÷ 134.62M) × 112.67 =
$234
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.7.
Projected over 5 years with a growth rate of
-3.84%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.241084761237614.
Step 5: Discount the Projected Stock Price
Projected stock price: $234.
Including dividends, total future value: $246.24.
Discounted at 10% per
year over 5 years → Fair Value:
$152.
