Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
71.77M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
18.47%.
Starting with 71.77M and growing at 18.47%
for 5 years, we estimate Free Cash Flow will be
167.48M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 80.16M.
We will project this out 5 year(s) with a growth rate
of 14.01%.
Estimated Diluted Shares Outstanding: 154.41M.
Step 3: Project Future Stock Price
Using a price ratio of 10.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(167.48M ÷ 154.41M) × 10.55 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.83.
Projected over 5 years with a growth rate of
-0.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.054184455945957.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $15.05.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
