Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
72.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.61%.
Starting with 72.16M and growing at 1.61%
for 5 years, we estimate Free Cash Flow will be
78.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 26.31M.
We will project this out 5 year(s) with a growth rate
of 0.07%.
Estimated Diluted Shares Outstanding: 26.41M.
Step 3: Project Future Stock Price
Using a price ratio of 53.2, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(78.15M ÷ 26.41M) × 53.2 =
$157
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.92.
Projected over 5 years with a growth rate of
-1.22%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.4609811307231775.
Step 5: Discount the Projected Stock Price
Projected stock price: $157.
Including dividends, total future value: $161.46.
Discounted at 10% per
year over 5 years → Fair Value:
$100.
