Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
93.21M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.39%.
Starting with 93.21M and growing at 0.39%
for 5 years, we estimate Free Cash Flow will be
95.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.53M.
We will project this out 5 year(s) with a growth rate
of 0.01%.
Estimated Diluted Shares Outstanding: 25.54M.
Step 3: Project Future Stock Price
Using a price ratio of 15.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(95.04M ÷ 25.54M) × 15.5 =
$57
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.46.
Projected over 5 years with a growth rate of
4.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.750517650294167.
Step 5: Discount the Projected Stock Price
Projected stock price: $57.
Including dividends, total future value: $70.75.
Discounted at 10% per
year over 5 years → Fair Value:
$43.
