Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
140.88M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
20.05%.
Starting with 140.88M and growing at 20.05%
for 5 years, we estimate Free Cash Flow will be
351.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 29.47M.
We will project this out 5 year(s) with a growth rate
of 5.17%.
Estimated Diluted Shares Outstanding: 37.92M.
Step 3: Project Future Stock Price
Using a price ratio of 16.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(351.29M ÷ 37.92M) × 16.52 =
$153
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.56.
Projected over 5 years with a growth rate of
-2.74%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.276629550454267.
Step 5: Discount the Projected Stock Price
Projected stock price: $153.
Including dividends, total future value: $160.28.
Discounted at 10% per
year over 5 years → Fair Value:
$99.
