Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
33.88M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.3%.
Starting with 33.88M and growing at 0.3%
for 5 years, we estimate Free Cash Flow will be
34.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.4M.
We will project this out 5 year(s) with a growth rate
of 7.15%.
Estimated Diluted Shares Outstanding: 35.87M.
Step 3: Project Future Stock Price
Using a price ratio of 10.48, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(34.39M ÷ 35.87M) × 10.48 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.82.
Projected over 5 years with a growth rate of
0.66%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.167985235550957.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $14.17.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
