Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
71.96M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.11%.
Starting with 71.96M and growing at 10.11%
for 5 years, we estimate Free Cash Flow will be
116.48M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.88M.
We will project this out 5 year(s) with a growth rate
of 2.08%.
Estimated Diluted Shares Outstanding: 61.94M.
Step 3: Project Future Stock Price
Using a price ratio of 27.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(116.48M ÷ 61.94M) × 27.84 =
$52
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.95.
Projected over 5 years with a growth rate of
36.36%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.313619168994364.
Step 5: Discount the Projected Stock Price
Projected stock price: $52.
Including dividends, total future value: $62.31.
Discounted at 10% per
year over 5 years → Fair Value:
$38.
