Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
45.32M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.25%.
Starting with 45.32M and growing at 0.25%
for 5 years, we estimate Free Cash Flow will be
45.89M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 29.64M.
We will project this out 5 year(s) with a growth rate
of -1.19%.
Estimated Diluted Shares Outstanding: 27.92M.
Step 3: Project Future Stock Price
Using a price ratio of 30.25, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(45.89M ÷ 27.92M) × 30.25 =
$49
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.12.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.6.
Step 5: Discount the Projected Stock Price
Projected stock price: $49.
Including dividends, total future value: $49.6.
Discounted at 10% per
year over 5 years → Fair Value:
$30.
