Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
209.95M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.79%.
Starting with 209.95M and growing at -1.79%
for 5 years, we estimate Free Cash Flow will be
191.82M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 47.47M.
We will project this out 5 year(s) with a growth rate
of 0.18%.
Estimated Diluted Shares Outstanding: 47.9M.
Step 3: Project Future Stock Price
Using a price ratio of 13.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(191.82M ÷ 47.9M) × 13.92 =
$55
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.62.
Projected over 5 years with a growth rate of
-9.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.21587562345742.
Step 5: Discount the Projected Stock Price
Projected stock price: $55.
Including dividends, total future value: $69.22.
Discounted at 10% per
year over 5 years → Fair Value:
$42.
