Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
30.89M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
24.24%.
Starting with 30.89M and growing at 24.24%
for 5 years, we estimate Free Cash Flow will be
91.44M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.25M.
We will project this out 5 year(s) with a growth rate
of -0.34%.
Estimated Diluted Shares Outstanding: 15.97M.
Step 3: Project Future Stock Price
Using a price ratio of 10.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(91.44M ÷ 15.97M) × 10.85 =
$62
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.84.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.200000000000001.
Step 5: Discount the Projected Stock Price
Projected stock price: $62.
Including dividends, total future value: $71.2.
Discounted at 10% per
year over 5 years → Fair Value:
$44.
