Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
106.1M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.91%.
Starting with 106.1M and growing at -6.91%
for 5 years, we estimate Free Cash Flow will be
74.17M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.05M.
We will project this out 5 year(s) with a growth rate
of 0.29%.
Estimated Diluted Shares Outstanding: 21.36M.
Step 3: Project Future Stock Price
Using a price ratio of 24.82, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(74.17M ÷ 21.36M) × 24.82 =
$86
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.53.
Projected over 5 years with a growth rate of
-2.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.2343172551027815.
Step 5: Discount the Projected Stock Price
Projected stock price: $86.
Including dividends, total future value: $93.23.
Discounted at 10% per
year over 5 years → Fair Value:
$57.
