Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
82.43M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.45%.
Starting with 82.43M and growing at 7.45%
for 5 years, we estimate Free Cash Flow will be
118.06M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.36M.
We will project this out 5 year(s) with a growth rate
of 1.31%.
Estimated Diluted Shares Outstanding: 27.07M.
Step 3: Project Future Stock Price
Using a price ratio of 16.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(118.06M ÷ 27.07M) × 16.55 =
$72
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.04.
Projected over 5 years with a growth rate of
3.65%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.156383580656165.
Step 5: Discount the Projected Stock Price
Projected stock price: $72.
Including dividends, total future value: $83.16.
Discounted at 10% per
year over 5 years → Fair Value:
$51.
