Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
108.59M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
11.39%.
Starting with 108.59M and growing at 11.39%
for 5 years, we estimate Free Cash Flow will be
186.22M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 31.22M.
We will project this out 5 year(s) with a growth rate
of 5.68%.
Estimated Diluted Shares Outstanding: 41.16M.
Step 3: Project Future Stock Price
Using a price ratio of 3.79, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(186.22M ÷ 41.16M) × 3.79 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.75.
Projected over 5 years with a growth rate of
3.58%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.094690061984069.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $21.09.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
