Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
75.2M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-8.42%.
Starting with 75.2M and growing at -8.42%
for 5 years, we estimate Free Cash Flow will be
48.44M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 23.51M.
We will project this out 5 year(s) with a growth rate
of -4.99%.
Estimated Diluted Shares Outstanding: 18.2M.
Step 3: Project Future Stock Price
Using a price ratio of 52.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(48.44M ÷ 18.2M) × 52.75 =
$140
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.54.
Projected over 5 years with a growth rate of
-1.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.4654047647537665.
Step 5: Discount the Projected Stock Price
Projected stock price: $140.
Including dividends, total future value: $147.47.
Discounted at 10% per
year over 5 years → Fair Value:
$91.
