Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
817.53M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.62%.
Starting with 817.53M and growing at 15.62%
for 5 years, we estimate Free Cash Flow will be
1.69B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.39M.
We will project this out 5 year(s) with a growth rate
of 0.01%.
Estimated Diluted Shares Outstanding: 55.42M.
Step 3: Project Future Stock Price
Using a price ratio of 5.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.69B ÷ 55.42M) × 5.58 =
$170
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.59.
Projected over 5 years with a growth rate of
-17.70%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.885024168151902.
Step 5: Discount the Projected Stock Price
Projected stock price: $170.
Including dividends, total future value: $174.89.
Discounted at 10% per
year over 5 years → Fair Value:
$108.
