Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.55M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.57%.
Starting with 13.55M and growing at 12.57%
for 5 years, we estimate Free Cash Flow will be
24.5M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.72M.
We will project this out 5 year(s) with a growth rate
of 0.81%.
Estimated Diluted Shares Outstanding: 13.24M.
Step 3: Project Future Stock Price
Using a price ratio of 60.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(24.5M ÷ 13.24M) × 60.5 =
$111
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.81.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.050000000000001.
Step 5: Discount the Projected Stock Price
Projected stock price: $111.
Including dividends, total future value: $115.05.
Discounted at 10% per
year over 5 years → Fair Value:
$71.
