Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
65.17M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
25.04%.
Starting with 65.17M and growing at 25.04%
for 5 years, we estimate Free Cash Flow will be
199.19M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.19M.
We will project this out 5 year(s) with a growth rate
of 0.71%.
Estimated Diluted Shares Outstanding: 17.81M.
Step 3: Project Future Stock Price
Using a price ratio of 4.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(199.19M ÷ 17.81M) × 4.98 =
$55
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.64.
Projected over 5 years with a growth rate of
-3.04%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.962316757790872.
Step 5: Discount the Projected Stock Price
Projected stock price: $55.
Including dividends, total future value: $57.96.
Discounted at 10% per
year over 5 years → Fair Value:
$35.
