Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
18.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.94%.
Starting with 18.86M and growing at 4.94%
for 5 years, we estimate Free Cash Flow will be
24M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.09M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 10.09M.
Step 3: Project Future Stock Price
Using a price ratio of 51.81, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(24M ÷ 10.09M) × 51.81 =
$123
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.7.
Projected over 5 years with a growth rate of
-1.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.11231275188606.
Step 5: Discount the Projected Stock Price
Projected stock price: $123.
Including dividends, total future value: $131.11.
Discounted at 10% per
year over 5 years → Fair Value:
$81.
