Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
100.61M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
20.72%.
Starting with 100.61M and growing at 20.72%
for 5 years, we estimate Free Cash Flow will be
257.95M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.57M.
We will project this out 5 year(s) with a growth rate
of -3.32%.
Estimated Diluted Shares Outstanding: 43.56M.
Step 3: Project Future Stock Price
Using a price ratio of 5.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(257.95M ÷ 43.56M) × 5.14 =
$30
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.73.
Projected over 5 years with a growth rate of
39.83%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.439053858547013.
Step 5: Discount the Projected Stock Price
Projected stock price: $30.
Including dividends, total future value: $38.44.
Discounted at 10% per
year over 5 years → Fair Value:
$23.
