Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
480.22M
as of Aug 31, 2025.
We will project this out 5 years with a yearly growth
rate of
20.38%.
Starting with 480.22M and growing at 20.38%
for 5 years, we estimate Free Cash Flow will be
1.21B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 82.99M.
We will project this out 5 year(s) with a growth rate
of 11.01%.
Estimated Diluted Shares Outstanding: 139.9M.
Step 3: Project Future Stock Price
Using a price ratio of 7.39, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.21B ÷ 139.9M) × 7.39 =
$64
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.76.
Projected over 5 years with a growth rate of
54.43%, dividends add to total shareholder return.
Expected dividends in 5 years:
$26.080256042771886.
Step 5: Discount the Projected Stock Price
Projected stock price: $64.
Including dividends, total future value: $90.08.
Discounted at 10% per
year over 5 years → Fair Value:
$55.
