Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
219M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-10.3%.
Starting with 219M and growing at -10.3%
for 5 years, we estimate Free Cash Flow will be
127.18M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 39.54M.
We will project this out 5 year(s) with a growth rate
of -8.34%.
Estimated Diluted Shares Outstanding: 25.58M.
Step 3: Project Future Stock Price
Using a price ratio of 8.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(127.18M ÷ 25.58M) × 8.17 =
$40
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.63.
Projected over 5 years with a growth rate of
19.04%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.870155737710939.
Step 5: Discount the Projected Stock Price
Projected stock price: $40.
Including dividends, total future value: $44.87.
Discounted at 10% per
year over 5 years → Fair Value:
$27.
