Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
14.07M
as of Mar 29, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 14.07M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
14.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.41M.
We will project this out 5 year(s) with a growth rate
of -9.35%.
Estimated Diluted Shares Outstanding: 4.54M.
Step 3: Project Future Stock Price
Using a price ratio of 20.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(14.07M ÷ 4.54M) × 20.44 =
$63
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $63.
Including dividends, total future value: $63.
Discounted at 10% per
year over 5 years → Fair Value:
$39.
