Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
261.14M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.92%.
Starting with 261.14M and growing at 8.92%
for 5 years, we estimate Free Cash Flow will be
400.32M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 54.62M.
We will project this out 5 year(s) with a growth rate
of 0.2%.
Estimated Diluted Shares Outstanding: 55.17M.
Step 3: Project Future Stock Price
Using a price ratio of 16.41, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(400.32M ÷ 55.17M) × 16.41 =
$119
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.64.
Projected over 5 years with a growth rate of
13.07%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.147624536645829.
Step 5: Discount the Projected Stock Price
Projected stock price: $119.
Including dividends, total future value: $130.15.
Discounted at 10% per
year over 5 years → Fair Value:
$80.
