Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
31.51M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
35.92%.
Starting with 31.51M and growing at 35.92%
for 5 years, we estimate Free Cash Flow will be
146.16M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.47M.
We will project this out 5 year(s) with a growth rate
of 0.11%.
Estimated Diluted Shares Outstanding: 7.51M.
Step 3: Project Future Stock Price
Using a price ratio of 7.23, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(146.16M ÷ 7.51M) × 7.23 =
$140
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.78.
Projected over 5 years with a growth rate of
-3.65%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.553807540416323.
Step 5: Discount the Projected Stock Price
Projected stock price: $140.
Including dividends, total future value: $143.55.
Discounted at 10% per
year over 5 years → Fair Value:
$89.
