Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
65.6M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.66%.
Starting with 65.6M and growing at 15.66%
for 5 years, we estimate Free Cash Flow will be
135.77M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 18.47M.
We will project this out 5 year(s) with a growth rate
of 0.69%.
Estimated Diluted Shares Outstanding: 19.12M.
Step 3: Project Future Stock Price
Using a price ratio of 9.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(135.77M ÷ 19.12M) × 9.55 =
$67
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.46.
Projected over 5 years with a growth rate of
-0.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.279941558838238.
Step 5: Discount the Projected Stock Price
Projected stock price: $67.
Including dividends, total future value: $74.28.
Discounted at 10% per
year over 5 years → Fair Value:
$46.
