Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
32.05M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
38.83%.
Starting with 32.05M and growing at 38.83%
for 5 years, we estimate Free Cash Flow will be
165.28M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.92M.
We will project this out 5 year(s) with a growth rate
of -2.27%.
Estimated Diluted Shares Outstanding: 9.74M.
Step 3: Project Future Stock Price
Using a price ratio of 14.9, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(165.28M ÷ 9.74M) × 14.9 =
$252
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.85.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.25.
Step 5: Discount the Projected Stock Price
Projected stock price: $252.
Including dividends, total future value: $256.25.
Discounted at 10% per
year over 5 years → Fair Value:
$159.
