Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
65.56M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.56%.
Starting with 65.56M and growing at -7.56%
for 5 years, we estimate Free Cash Flow will be
44.25M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.73M.
We will project this out 5 year(s) with a growth rate
of -2.07%.
Estimated Diluted Shares Outstanding: 20.47M.
Step 3: Project Future Stock Price
Using a price ratio of 18.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(44.25M ÷ 20.47M) × 18.54 =
$40
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
2.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.1816988263582244.
Step 5: Discount the Projected Stock Price
Projected stock price: $40.
Including dividends, total future value: $43.18.
Discounted at 10% per
year over 5 years → Fair Value:
$26.
