Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.74M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.6%.
Starting with 50.74M and growing at 12.6%
for 5 years, we estimate Free Cash Flow will be
91.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 49.1M.
We will project this out 5 year(s) with a growth rate
of 0.04%.
Estimated Diluted Shares Outstanding: 49.2M.
Step 3: Project Future Stock Price
Using a price ratio of 16.66, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(91.84M ÷ 49.2M) × 16.66 =
$31
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.86.
Projected over 5 years with a growth rate of
19.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.720989570903363.
Step 5: Discount the Projected Stock Price
Projected stock price: $31.
Including dividends, total future value: $37.72.
Discounted at 10% per
year over 5 years → Fair Value:
$23.
