Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
18.29M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
23.64%.
Starting with 18.29M and growing at 23.64%
for 5 years, we estimate Free Cash Flow will be
52.85M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.92M.
We will project this out 5 year(s) with a growth rate
of 2.38%.
Estimated Diluted Shares Outstanding: 3.29M.
Step 3: Project Future Stock Price
Using a price ratio of 9.48, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(52.85M ÷ 3.29M) × 9.48 =
$152
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.
Projected over 5 years with a growth rate of
-4.03%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.02274611065615.
Step 5: Discount the Projected Stock Price
Projected stock price: $152.
Including dividends, total future value: $161.02.
Discounted at 10% per
year over 5 years → Fair Value:
$99.
