Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
20.89M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.08%.
Starting with 20.89M and growing at 12.08%
for 5 years, we estimate Free Cash Flow will be
36.95M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.38M.
We will project this out 5 year(s) with a growth rate
of 0.66%.
Estimated Diluted Shares Outstanding: 5.56M.
Step 3: Project Future Stock Price
Using a price ratio of 10.7, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(36.95M ÷ 5.56M) × 10.7 =
$71
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.54.
Projected over 5 years with a growth rate of
-2.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.281600374417178.
Step 5: Discount the Projected Stock Price
Projected stock price: $71.
Including dividends, total future value: $78.28.
Discounted at 10% per
year over 5 years → Fair Value:
$48.
