Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
42.1M
as of Aug 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 42.1M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
42.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.31M.
We will project this out 5 year(s) with a growth rate
of -4.4%.
Estimated Diluted Shares Outstanding: 19.41M.
Step 3: Project Future Stock Price
Using a price ratio of 15.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(42.1M ÷ 19.41M) × 15.8 =
$34
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
5.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.773177821858032.
Step 5: Discount the Projected Stock Price
Projected stock price: $34.
Including dividends, total future value: $39.77.
Discounted at 10% per
year over 5 years → Fair Value:
$24.
