Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.46M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.19%.
Starting with 8.46M and growing at 0.19%
for 5 years, we estimate Free Cash Flow will be
8.54M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.75M.
We will project this out 5 year(s) with a growth rate
of -0.81%.
Estimated Diluted Shares Outstanding: 6.48M.
Step 3: Project Future Stock Price
Using a price ratio of 14.41, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.54M ÷ 6.48M) × 14.41 =
$18
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.5.
Projected over 5 years with a growth rate of
17.61%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.250501666448379.
Step 5: Discount the Projected Stock Price
Projected stock price: $18.
Including dividends, total future value: $29.25.
Discounted at 10% per
year over 5 years → Fair Value:
$18.
