Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
61.06M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.91%.
Starting with 61.06M and growing at 9.91%
for 5 years, we estimate Free Cash Flow will be
97.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.07M.
We will project this out 5 year(s) with a growth rate
of -0.61%.
Estimated Diluted Shares Outstanding: 11.7M.
Step 3: Project Future Stock Price
Using a price ratio of 26.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(97.93M ÷ 11.7M) × 26.5 =
$221
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.58.
Projected over 5 years with a growth rate of
1.30%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.159258727564191.
Step 5: Discount the Projected Stock Price
Projected stock price: $221.
Including dividends, total future value: $229.16.
Discounted at 10% per
year over 5 years → Fair Value:
$142.
