Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
100.43M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.37%.
Starting with 100.43M and growing at 16.37%
for 5 years, we estimate Free Cash Flow will be
214.33M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.53M.
We will project this out 5 year(s) with a growth rate
of 0.72%.
Estimated Diluted Shares Outstanding: 37.87M.
Step 3: Project Future Stock Price
Using a price ratio of 1.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(214.33M ÷ 37.87M) × 1.73 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
-21.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.5496355072248534.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $9.55.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
