Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
82.41M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
40.95%.
Starting with 82.41M and growing at 40.95%
for 5 years, we estimate Free Cash Flow will be
458.47M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.69M.
We will project this out 5 year(s) with a growth rate
of 4.9%.
Estimated Diluted Shares Outstanding: 51.69M.
Step 3: Project Future Stock Price
Using a price ratio of 4.08, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(458.47M ÷ 51.69M) × 4.08 =
$36
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.76.
Projected over 5 years with a growth rate of
-10.55%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.8756396217889657.
Step 5: Discount the Projected Stock Price
Projected stock price: $36.
Including dividends, total future value: $38.88.
Discounted at 10% per
year over 5 years → Fair Value:
$24.
