Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.46M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.82%.
Starting with 7.46M and growing at -0.82%
for 5 years, we estimate Free Cash Flow will be
7.16M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.45M.
We will project this out 5 year(s) with a growth rate
of 1.54%.
Estimated Diluted Shares Outstanding: 6.96M.
Step 3: Project Future Stock Price
Using a price ratio of 14.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.16M ÷ 6.96M) × 14.14 =
$14
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.34.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7000000000000002.
Step 5: Discount the Projected Stock Price
Projected stock price: $14.
Including dividends, total future value: $15.7.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
