Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
11.59M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
36.91%.
Starting with 11.59M and growing at 36.91%
for 5 years, we estimate Free Cash Flow will be
55.75M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.69M.
We will project this out 5 year(s) with a growth rate
of 0.3%.
Estimated Diluted Shares Outstanding: 7.8M.
Step 3: Project Future Stock Price
Using a price ratio of 8.78, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(55.75M ÷ 7.8M) × 8.78 =
$62
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.61.
Projected over 5 years with a growth rate of
-0.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.9856000937260965.
Step 5: Discount the Projected Stock Price
Projected stock price: $62.
Including dividends, total future value: $64.99.
Discounted at 10% per
year over 5 years → Fair Value:
$40.
