Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
40.3M
as of Mar 31, 2024.
We will project this out 5 years with a yearly growth
rate of
8.73%.
Starting with 40.3M and growing at 8.73%
for 5 years, we estimate Free Cash Flow will be
61.25M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 34.36M.
We will project this out 5 year(s) with a growth rate
of 0.2%.
Estimated Diluted Shares Outstanding: 34.71M.
Step 3: Project Future Stock Price
Using a price ratio of 10, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(61.25M ÷ 34.71M) × 10 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $17.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
