Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
76.81M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
6.6%.
Starting with 76.81M and growing at 6.6%
for 5 years, we estimate Free Cash Flow will be
105.73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 104.46M.
We will project this out 5 year(s) with a growth rate
of 6.51%.
Estimated Diluted Shares Outstanding: 143.19M.
Step 3: Project Future Stock Price
Using a price ratio of 14.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(105.73M ÷ 143.19M) × 14.75 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.76.
Projected over 5 years with a growth rate of
-7.08%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.324123772670296.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $17.32.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
