Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
35.78M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.06%.
Starting with 35.78M and growing at 8.06%
for 5 years, we estimate Free Cash Flow will be
52.72M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.68M.
We will project this out 5 year(s) with a growth rate
of -0.56%.
Estimated Diluted Shares Outstanding: 6.49M.
Step 3: Project Future Stock Price
Using a price ratio of 14.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(52.72M ÷ 6.49M) × 14.45 =
$117
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.57.
Projected over 5 years with a growth rate of
10.20%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.633279816690843.
Step 5: Discount the Projected Stock Price
Projected stock price: $117.
Including dividends, total future value: $120.63.
Discounted at 10% per
year over 5 years → Fair Value:
$74.
