Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
51.36M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.05%.
Starting with 51.36M and growing at 4.05%
for 5 years, we estimate Free Cash Flow will be
62.64M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.02M.
We will project this out 5 year(s) with a growth rate
of 4.37%.
Estimated Diluted Shares Outstanding: 63.18M.
Step 3: Project Future Stock Price
Using a price ratio of 10.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(62.64M ÷ 63.18M) × 10.92 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.58.
Projected over 5 years with a growth rate of
-2.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.750841859169479.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $12.75.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
