Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
86.77M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 86.77M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
86.77M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 32.19M.
We will project this out 5 year(s) with a growth rate
of -0.04%.
Estimated Diluted Shares Outstanding: 32.13M.
Step 3: Project Future Stock Price
Using a price ratio of 6.26, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(86.77M ÷ 32.13M) × 6.26 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.82.
Projected over 5 years with a growth rate of
0.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.166118564956095.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $25.17.
Discounted at 10% per
year over 5 years → Fair Value:
$15.
