Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
24.43M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.08%.
Starting with 24.43M and growing at 2.08%
for 5 years, we estimate Free Cash Flow will be
27.08M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.48M.
We will project this out 5 year(s) with a growth rate
of 0.08%.
Estimated Diluted Shares Outstanding: 4.49M.
Step 3: Project Future Stock Price
Using a price ratio of 10.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(27.08M ÷ 4.49M) × 10.42 =
$62
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.62.
Projected over 5 years with a growth rate of
-3.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.31985268911492.
Step 5: Discount the Projected Stock Price
Projected stock price: $62.
Including dividends, total future value: $69.32.
Discounted at 10% per
year over 5 years → Fair Value:
$43.
