Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
29.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.52%.
Starting with 29.11M and growing at 0.52%
for 5 years, we estimate Free Cash Flow will be
29.87M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.79M.
We will project this out 5 year(s) with a growth rate
of -0.41%.
Estimated Diluted Shares Outstanding: 4.69M.
Step 3: Project Future Stock Price
Using a price ratio of 6.96, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(29.87M ÷ 4.69M) × 6.96 =
$44
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
-1.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.766084486339765.
Step 5: Discount the Projected Stock Price
Projected stock price: $44.
Including dividends, total future value: $51.77.
Discounted at 10% per
year over 5 years → Fair Value:
$32.
