Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
38.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.18%.
Starting with 38.86M and growing at 2.18%
for 5 years, we estimate Free Cash Flow will be
43.28M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.82M.
We will project this out 5 year(s) with a growth rate
of -2.72%.
Estimated Diluted Shares Outstanding: 6.82M.
Step 3: Project Future Stock Price
Using a price ratio of 6.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(43.28M ÷ 6.82M) × 6.99 =
$44
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.09.
Projected over 5 years with a growth rate of
-1.16%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.293322372730838.
Step 5: Discount the Projected Stock Price
Projected stock price: $44.
Including dividends, total future value: $49.29.
Discounted at 10% per
year over 5 years → Fair Value:
$30.
