Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
30.7M
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
19.09%.
Starting with 30.7M and growing at 19.09%
for 5 years, we estimate Free Cash Flow will be
73.54M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.64M.
We will project this out 5 year(s) with a growth rate
of -0.69%.
Estimated Diluted Shares Outstanding: 12.21M.
Step 3: Project Future Stock Price
Using a price ratio of 14.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(73.54M ÷ 12.21M) × 14.52 =
$87
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: $87.
Including dividends, total future value: $87.
Discounted at 10% per
year over 5 years → Fair Value:
$54.
