Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
58.22M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.16%.
Starting with 58.22M and growing at 16.16%
for 5 years, we estimate Free Cash Flow will be
123.13M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.24M.
We will project this out 5 year(s) with a growth rate
of -1.82%.
Estimated Diluted Shares Outstanding: 14.81M.
Step 3: Project Future Stock Price
Using a price ratio of 17.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(123.13M ÷ 14.81M) × 17.07 =
$141
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.75.
Projected over 5 years with a growth rate of
26.86%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.797403258681872.
Step 5: Discount the Projected Stock Price
Projected stock price: $141.
Including dividends, total future value: $147.8.
Discounted at 10% per
year over 5 years → Fair Value:
$91.
