Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
138.97M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.05%.
Starting with 138.97M and growing at 14.05%
for 5 years, we estimate Free Cash Flow will be
268.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 49.55M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 49.55M.
Step 3: Project Future Stock Price
Using a price ratio of 5.35, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(268.15M ÷ 49.55M) × 5.35 =
$28
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $28.
Including dividends, total future value: $28.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
