Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
95.32M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.88%.
Starting with 95.32M and growing at -0.88%
for 5 years, we estimate Free Cash Flow will be
91.2M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 34.35M.
We will project this out 5 year(s) with a growth rate
of 8.36%.
Estimated Diluted Shares Outstanding: 51.32M.
Step 3: Project Future Stock Price
Using a price ratio of 28.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(91.2M ÷ 51.32M) × 28.83 =
$51
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.39.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.9500000000000002.
Step 5: Discount the Projected Stock Price
Projected stock price: $51.
Including dividends, total future value: $52.95.
Discounted at 10% per
year over 5 years → Fair Value:
$32.
