Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
78.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.74%.
Starting with 78.11M and growing at 7.74%
for 5 years, we estimate Free Cash Flow will be
113.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 48.98M.
We will project this out 5 year(s) with a growth rate
of 0.79%.
Estimated Diluted Shares Outstanding: 50.94M.
Step 3: Project Future Stock Price
Using a price ratio of 14.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(113.39M ÷ 50.94M) × 14.75 =
$32
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.41.
Projected over 5 years with a growth rate of
-23.24%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.0582573078869522.
Step 5: Discount the Projected Stock Price
Projected stock price: $32.
Including dividends, total future value: $33.06.
Discounted at 10% per
year over 5 years → Fair Value:
$20.
