Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
81.19M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.2%.
Starting with 81.19M and growing at 16.2%
for 5 years, we estimate Free Cash Flow will be
172M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 84.93M.
We will project this out 5 year(s) with a growth rate
of 13.26%.
Estimated Diluted Shares Outstanding: 158.28M.
Step 3: Project Future Stock Price
Using a price ratio of 9.28, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(172M ÷ 158.28M) × 9.28 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.09.
Projected over 5 years with a growth rate of
-1.58%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.237269277762949.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $15.24.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
