Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
35.36M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
2.92%.
Starting with 35.36M and growing at 2.92%
for 5 years, we estimate Free Cash Flow will be
40.83M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 27.51M.
We will project this out 5 year(s) with a growth rate
of -2.85%.
Estimated Diluted Shares Outstanding: 23.81M.
Step 3: Project Future Stock Price
Using a price ratio of 14.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(40.83M ÷ 23.81M) × 14.98 =
$25
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.58.
Projected over 5 years with a growth rate of
4.78%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.259072210844161.
Step 5: Discount the Projected Stock Price
Projected stock price: $25.
Including dividends, total future value: $28.26.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
