Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
88.28M
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 88.28M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
88.28M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.86M.
We will project this out 5 year(s) with a growth rate
of 0.38%.
Estimated Diluted Shares Outstanding: 11.07M.
Step 3: Project Future Stock Price
Using a price ratio of 13.03, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(88.28M ÷ 11.07M) × 13.03 =
$103
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.81.
Projected over 5 years with a growth rate of
-3.01%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.384283938832118.
Step 5: Discount the Projected Stock Price
Projected stock price: $103.
Including dividends, total future value: $111.38.
Discounted at 10% per
year over 5 years → Fair Value:
$69.
