Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
54.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.57%.
Starting with 54.16M and growing at 10.57%
for 5 years, we estimate Free Cash Flow will be
89.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.68M.
We will project this out 5 year(s) with a growth rate
of -0.36%.
Estimated Diluted Shares Outstanding: 16.38M.
Step 3: Project Future Stock Price
Using a price ratio of 9.32, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(89.51M ÷ 16.38M) × 9.32 =
$50
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.54.
Projected over 5 years with a growth rate of
1.33%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.958584501033661.
Step 5: Discount the Projected Stock Price
Projected stock price: $50.
Including dividends, total future value: $57.96.
Discounted at 10% per
year over 5 years → Fair Value:
$35.
