Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
16.87M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.39%.
Starting with 16.87M and growing at 10.39%
for 5 years, we estimate Free Cash Flow will be
27.66M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.48M.
We will project this out 5 year(s) with a growth rate
of -1.63%.
Estimated Diluted Shares Outstanding: 5.96M.
Step 3: Project Future Stock Price
Using a price ratio of 7.36, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(27.66M ÷ 5.96M) × 7.36 =
$34
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.08.
Projected over 5 years with a growth rate of
4.88%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.083107012469235.
Step 5: Discount the Projected Stock Price
Projected stock price: $34.
Including dividends, total future value: $40.08.
Discounted at 10% per
year over 5 years → Fair Value:
$24.
