Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
93.84M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-26.53%.
Starting with 93.84M and growing at -26.53%
for 5 years, we estimate Free Cash Flow will be
20.09M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.99M.
We will project this out 5 year(s) with a growth rate
of -0.22%.
Estimated Diluted Shares Outstanding: 22.74M.
Step 3: Project Future Stock Price
Using a price ratio of 90.87, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(20.09M ÷ 22.74M) × 90.87 =
$80
Step 4: Project Future Dividends Paid
Forward dividend per share: $7.57.
Projected over 5 years with a growth rate of
-11.15%, dividends add to total shareholder return.
Expected dividends in 5 years:
$28.16498110321227.
Step 5: Discount the Projected Stock Price
Projected stock price: $80.
Including dividends, total future value: $108.16.
Discounted at 10% per
year over 5 years → Fair Value:
$67.
