Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
44.61M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.35%.
Starting with 44.61M and growing at 10.35%
for 5 years, we estimate Free Cash Flow will be
73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.35M.
We will project this out 5 year(s) with a growth rate
of -2.31%.
Estimated Diluted Shares Outstanding: 10.1M.
Step 3: Project Future Stock Price
Using a price ratio of 11.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(73M ÷ 10.1M) × 11.54 =
$83
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.28.
Projected over 5 years with a growth rate of
30.36%, dividends add to total shareholder return.
Expected dividends in 5 years:
$31.820333534968697.
Step 5: Discount the Projected Stock Price
Projected stock price: $83.
Including dividends, total future value: $114.82.
Discounted at 10% per
year over 5 years → Fair Value:
$71.
