Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
72.87M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-12.08%.
Starting with 72.87M and growing at -12.08%
for 5 years, we estimate Free Cash Flow will be
38.28M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.33M.
We will project this out 5 year(s) with a growth rate
of -3.88%.
Estimated Diluted Shares Outstanding: 9.29M.
Step 3: Project Future Stock Price
Using a price ratio of 12.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(38.28M ÷ 9.29M) × 12.27 =
$50
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.03.
Projected over 5 years with a growth rate of
-12.22%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.327485766820462.
Step 5: Discount the Projected Stock Price
Projected stock price: $50.
Including dividends, total future value: $57.33.
Discounted at 10% per
year over 5 years → Fair Value:
$35.
