Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
20.37M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
22.58%.
Starting with 20.37M and growing at 22.58%
for 5 years, we estimate Free Cash Flow will be
56.36M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.36M.
We will project this out 5 year(s) with a growth rate
of 4.74%.
Estimated Diluted Shares Outstanding: 16.84M.
Step 3: Project Future Stock Price
Using a price ratio of 6.03, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(56.36M ÷ 16.84M) × 6.03 =
$20
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.52.
Projected over 5 years with a growth rate of
-0.51%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5669766909022482.
Step 5: Discount the Projected Stock Price
Projected stock price: $20.
Including dividends, total future value: $22.57.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
