Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
79.92M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
23.94%.
Starting with 79.92M and growing at 23.94%
for 5 years, we estimate Free Cash Flow will be
233.73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 29.71M.
We will project this out 5 year(s) with a growth rate
of 14.11%.
Estimated Diluted Shares Outstanding: 57.49M.
Step 3: Project Future Stock Price
Using a price ratio of 10.33, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(233.73M ÷ 57.49M) × 10.33 =
$41
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.7.
Projected over 5 years with a growth rate of
0.98%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.586381290671393.
Step 5: Discount the Projected Stock Price
Projected stock price: $41.
Including dividends, total future value: $44.59.
Discounted at 10% per
year over 5 years → Fair Value:
$27.
