Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
135.87M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.77%.
Starting with 135.87M and growing at 4.77%
for 5 years, we estimate Free Cash Flow will be
171.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 104.54M.
We will project this out 5 year(s) with a growth rate
of 0.72%.
Estimated Diluted Shares Outstanding: 108.36M.
Step 3: Project Future Stock Price
Using a price ratio of 11.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(171.51M ÷ 108.36M) × 11.01 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.53.
Projected over 5 years with a growth rate of
-1.89%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5265567830088833.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $19.53.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
