Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
134.14M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.76%.
Starting with 134.14M and growing at 12.76%
for 5 years, we estimate Free Cash Flow will be
244.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.46M.
We will project this out 5 year(s) with a growth rate
of -0.24%.
Estimated Diluted Shares Outstanding: 25.16M.
Step 3: Project Future Stock Price
Using a price ratio of 13.12, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(244.53M ÷ 25.16M) × 13.12 =
$127
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.24.
Projected over 5 years with a growth rate of
-3.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.197863802531456.
Step 5: Discount the Projected Stock Price
Projected stock price: $127.
Including dividends, total future value: $137.2.
Discounted at 10% per
year over 5 years → Fair Value:
$85.
