Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
14.02M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 14.02M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
14.02M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.21M.
We will project this out 5 year(s) with a growth rate
of -1.3%.
Estimated Diluted Shares Outstanding: 3M.
Step 3: Project Future Stock Price
Using a price ratio of 15, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(14.02M ÷ 3M) × 15 =
$70
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.52.
Projected over 5 years with a growth rate of
-4.05%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.853714982363084.
Step 5: Discount the Projected Stock Price
Projected stock price: $70.
Including dividends, total future value: $76.85.
Discounted at 10% per
year over 5 years → Fair Value:
$47.
