Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.89M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
26.03%.
Starting with 6.89M and growing at 26.03%
for 5 years, we estimate Free Cash Flow will be
21.92M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 9.87M.
We will project this out 5 year(s) with a growth rate
of -1.71%.
Estimated Diluted Shares Outstanding: 9.05M.
Step 3: Project Future Stock Price
Using a price ratio of 7.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21.92M ÷ 9.05M) × 7.98 =
$19
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.68.
Projected over 5 years with a growth rate of
11.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.451403376896955.
Step 5: Discount the Projected Stock Price
Projected stock price: $19.
Including dividends, total future value: $23.45.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
