Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
15.76M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.36%.
Starting with 15.76M and growing at 9.36%
for 5 years, we estimate Free Cash Flow will be
24.66M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 9.87M.
We will project this out 5 year(s) with a growth rate
of -3.88%.
Estimated Diluted Shares Outstanding: 8.1M.
Step 3: Project Future Stock Price
Using a price ratio of 17.57, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(24.66M ÷ 8.1M) × 17.57 =
$53
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.73.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.321592914717936.
Step 5: Discount the Projected Stock Price
Projected stock price: $53.
Including dividends, total future value: $59.32.
Discounted at 10% per
year over 5 years → Fair Value:
$36.
