Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
22.03M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-18.42%.
Starting with 22.03M and growing at -18.42%
for 5 years, we estimate Free Cash Flow will be
7.96M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.18M.
We will project this out 5 year(s) with a growth rate
of 0.1%.
Estimated Diluted Shares Outstanding: 2.19M.
Step 3: Project Future Stock Price
Using a price ratio of 18.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.96M ÷ 2.19M) × 18.75 =
$68
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.52.
Projected over 5 years with a growth rate of
-11.49%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.286485757249302.
Step 5: Discount the Projected Stock Price
Projected stock price: $68.
Including dividends, total future value: $77.29.
Discounted at 10% per
year over 5 years → Fair Value:
$47.
