Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
22.79M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.9%.
Starting with 22.79M and growing at 2.9%
for 5 years, we estimate Free Cash Flow will be
26.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.89M.
We will project this out 5 year(s) with a growth rate
of -0.04%.
Estimated Diluted Shares Outstanding: 1.88M.
Step 3: Project Future Stock Price
Using a price ratio of 21.15, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(26.29M ÷ 1.88M) × 21.15 =
$295
Step 4: Project Future Dividends Paid
Forward dividend per share: $16.3.
Projected over 5 years with a growth rate of
-39.31%, dividends add to total shareholder return.
Expected dividends in 5 years:
$23.385704219902188.
Step 5: Discount the Projected Stock Price
Projected stock price: $295.
Including dividends, total future value: $318.39.
Discounted at 10% per
year over 5 years → Fair Value:
$197.
