Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
145.46M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.13%.
Starting with 145.46M and growing at -3.13%
for 5 years, we estimate Free Cash Flow will be
124.08M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 8.46M.
We will project this out 5 year(s) with a growth rate
of 8.51%.
Estimated Diluted Shares Outstanding: 12.73M.
Step 3: Project Future Stock Price
Using a price ratio of 12.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(124.08M ÷ 12.73M) × 12.72 =
$124
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.71.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.55.
Step 5: Discount the Projected Stock Price
Projected stock price: $124.
Including dividends, total future value: $127.55.
Discounted at 10% per
year over 5 years → Fair Value:
$79.
