Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
28.63M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-17.22%.
Starting with 28.63M and growing at -17.22%
for 5 years, we estimate Free Cash Flow will be
11.13M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.83M.
We will project this out 5 year(s) with a growth rate
of 0.31%.
Estimated Diluted Shares Outstanding: 18.11M.
Step 3: Project Future Stock Price
Using a price ratio of 31.34, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(11.13M ÷ 18.11M) × 31.34 =
$19
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
-7.00%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.1703967715914025.
Step 5: Discount the Projected Stock Price
Projected stock price: $19.
Including dividends, total future value: $23.17.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
