Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
92.53M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.07%.
Starting with 92.53M and growing at -7.07%
for 5 years, we estimate Free Cash Flow will be
64.13M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 15.38M.
We will project this out 5 year(s) with a growth rate
of -2.84%.
Estimated Diluted Shares Outstanding: 13.32M.
Step 3: Project Future Stock Price
Using a price ratio of 9.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(64.13M ÷ 13.32M) × 9.73 =
$46
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.55.
Projected over 5 years with a growth rate of
15.02%, dividends add to total shareholder return.
Expected dividends in 5 years:
$18.090209355714535.
Step 5: Discount the Projected Stock Price
Projected stock price: $46.
Including dividends, total future value: $64.09.
Discounted at 10% per
year over 5 years → Fair Value:
$39.
