Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
53.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.03%.
Starting with 53.11M and growing at 4.03%
for 5 years, we estimate Free Cash Flow will be
64.71M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.59M.
We will project this out 5 year(s) with a growth rate
of -1.39%.
Estimated Diluted Shares Outstanding: 12.67M.
Step 3: Project Future Stock Price
Using a price ratio of 9.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(64.71M ÷ 12.67M) × 9.99 =
$51
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.99.
Projected over 5 years with a growth rate of
-1.28%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.79311739075751.
Step 5: Discount the Projected Stock Price
Projected stock price: $51.
Including dividends, total future value: $55.79.
Discounted at 10% per
year over 5 years → Fair Value:
$34.
