Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
18.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.26%.
Starting with 18.86M and growing at 14.26%
for 5 years, we estimate Free Cash Flow will be
36.73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.36M.
We will project this out 5 year(s) with a growth rate
of 0.01%.
Estimated Diluted Shares Outstanding: 3.36M.
Step 3: Project Future Stock Price
Using a price ratio of 7.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(36.73M ÷ 3.36M) × 7.45 =
$81
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.47.
Projected over 5 years with a growth rate of
-1.50%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.0774680146961435.
Step 5: Discount the Projected Stock Price
Projected stock price: $81.
Including dividends, total future value: $88.08.
Discounted at 10% per
year over 5 years → Fair Value:
$54.
