Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
75.34M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.31%.
Starting with 75.34M and growing at 13.31%
for 5 years, we estimate Free Cash Flow will be
140.72M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 20.71M.
We will project this out 5 year(s) with a growth rate
of -1.86%.
Estimated Diluted Shares Outstanding: 18.85M.
Step 3: Project Future Stock Price
Using a price ratio of 7.31, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(140.72M ÷ 18.85M) × 7.31 =
$54
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.26.
Projected over 5 years with a growth rate of
-0.51%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.219981981801601.
Step 5: Discount the Projected Stock Price
Projected stock price: $54.
Including dividends, total future value: $60.22.
Discounted at 10% per
year over 5 years → Fair Value:
$37.
