Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
53.93M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
34.63%.
Starting with 53.93M and growing at 34.63%
for 5 years, we estimate Free Cash Flow will be
238.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.79M.
We will project this out 5 year(s) with a growth rate
of -30.36%.
Estimated Diluted Shares Outstanding: 6.03M.
Step 3: Project Future Stock Price
Using a price ratio of 3.32, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(238.51M ÷ 6.03M) × 3.32 =
$131
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.
Step 5: Discount the Projected Stock Price
Projected stock price: $131.
Including dividends, total future value: $136.
Discounted at 10% per
year over 5 years → Fair Value:
$84.
