Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
115.82M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.47%.
Starting with 115.82M and growing at 1.47%
for 5 years, we estimate Free Cash Flow will be
124.59M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 146.21M.
We will project this out 5 year(s) with a growth rate
of 3.7%.
Estimated Diluted Shares Outstanding: 175.34M.
Step 3: Project Future Stock Price
Using a price ratio of 11.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(124.59M ÷ 175.34M) × 11.75 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
-4.62%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.553884314180262.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $11.55.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
