Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
71.37M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-15.56%.
Starting with 71.37M and growing at -15.56%
for 5 years, we estimate Free Cash Flow will be
30.64M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.11M.
We will project this out 5 year(s) with a growth rate
of 0.05%.
Estimated Diluted Shares Outstanding: 5.12M.
Step 3: Project Future Stock Price
Using a price ratio of 14.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(30.64M ÷ 5.12M) × 14.07 =
$84
Step 4: Project Future Dividends Paid
Forward dividend per share: $22.5.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$97.4310799783745.
Step 5: Discount the Projected Stock Price
Projected stock price: $84.
Including dividends, total future value: $181.43.
Discounted at 10% per
year over 5 years → Fair Value:
$112.
