Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
28.76M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.12%.
Starting with 28.76M and growing at 14.12%
for 5 years, we estimate Free Cash Flow will be
55.67M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.92M.
We will project this out 5 year(s) with a growth rate
of -1.08%.
Estimated Diluted Shares Outstanding: 16.03M.
Step 3: Project Future Stock Price
Using a price ratio of 26.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(55.67M ÷ 16.03M) × 26.42 =
$91
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.1.
Projected over 5 years with a growth rate of
4.94%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.845187747449415.
Step 5: Discount the Projected Stock Price
Projected stock price: $91.
Including dividends, total future value: $102.85.
Discounted at 10% per
year over 5 years → Fair Value:
$63.
