Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
41.54M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
25.89%.
Starting with 41.54M and growing at 25.89%
for 5 years, we estimate Free Cash Flow will be
131.35M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 9.45M.
We will project this out 5 year(s) with a growth rate
of -1.42%.
Estimated Diluted Shares Outstanding: 8.8M.
Step 3: Project Future Stock Price
Using a price ratio of 6.65, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(131.35M ÷ 8.8M) × 6.65 =
$99
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.23.
Projected over 5 years with a growth rate of
12.84%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.318266104246273.
Step 5: Discount the Projected Stock Price
Projected stock price: $99.
Including dividends, total future value: $107.32.
Discounted at 10% per
year over 5 years → Fair Value:
$66.
