Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
81.03M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.43%.
Starting with 81.03M and growing at 8.43%
for 5 years, we estimate Free Cash Flow will be
121.46M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.07M.
We will project this out 5 year(s) with a growth rate
of 0.93%.
Estimated Diluted Shares Outstanding: 12.64M.
Step 3: Project Future Stock Price
Using a price ratio of 7.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(121.46M ÷ 12.64M) × 7.42 =
$71
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.07.
Projected over 5 years with a growth rate of
-5.05%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.699927998278354.
Step 5: Discount the Projected Stock Price
Projected stock price: $71.
Including dividends, total future value: $75.7.
Discounted at 10% per
year over 5 years → Fair Value:
$47.
