Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
103.77M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.65%.
Starting with 103.77M and growing at 7.65%
for 5 years, we estimate Free Cash Flow will be
150.02M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 65.68M.
We will project this out 5 year(s) with a growth rate
of 3.82%.
Estimated Diluted Shares Outstanding: 79.22M.
Step 3: Project Future Stock Price
Using a price ratio of 7.49, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(150.02M ÷ 79.22M) × 7.49 =
$14
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-15.30%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.1265636017085185.
Step 5: Discount the Projected Stock Price
Projected stock price: $14.
Including dividends, total future value: $18.13.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
