Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
441.06M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 441.06M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
441.06M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 124.49M.
We will project this out 5 year(s) with a growth rate
of 1.17%.
Estimated Diluted Shares Outstanding: 131.95M.
Step 3: Project Future Stock Price
Using a price ratio of 14.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(441.06M ÷ 131.95M) × 14.43 =
$48
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.39.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.949999999999999.
Step 5: Discount the Projected Stock Price
Projected stock price: $48.
Including dividends, total future value: $54.95.
Discounted at 10% per
year over 5 years → Fair Value:
$34.
