Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
431.2M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
2.29%.
Starting with 431.2M and growing at 2.29%
for 5 years, we estimate Free Cash Flow will be
482.89M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 178.27M.
We will project this out 5 year(s) with a growth rate
of 0.36%.
Estimated Diluted Shares Outstanding: 181.5M.
Step 3: Project Future Stock Price
Using a price ratio of 30.25, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(482.89M ÷ 181.5M) × 30.25 =
$80
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
26.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.143874320249235.
Step 5: Discount the Projected Stock Price
Projected stock price: $80.
Including dividends, total future value: $87.14.
Discounted at 10% per
year over 5 years → Fair Value:
$54.
