Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
41.83M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.58%.
Starting with 41.83M and growing at 10.58%
for 5 years, we estimate Free Cash Flow will be
69.16M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.54M.
We will project this out 5 year(s) with a growth rate
of 0.1%.
Estimated Diluted Shares Outstanding: 40.74M.
Step 3: Project Future Stock Price
Using a price ratio of 61.26, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(69.16M ÷ 40.74M) × 61.26 =
$103
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.598162132756653.
Step 5: Discount the Projected Stock Price
Projected stock price: $103.
Including dividends, total future value: $105.6.
Discounted at 10% per
year over 5 years → Fair Value:
$65.
