Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
46.7M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
40.12%.
Starting with 46.7M and growing at 40.12%
for 5 years, we estimate Free Cash Flow will be
252.24M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 19.49M.
We will project this out 5 year(s) with a growth rate
of 7.24%.
Estimated Diluted Shares Outstanding: 27.65M.
Step 3: Project Future Stock Price
Using a price ratio of 8.95, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(252.24M ÷ 27.65M) × 8.95 =
$81
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
3.04%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.735884665364317.
Step 5: Discount the Projected Stock Price
Projected stock price: $81.
Including dividends, total future value: $87.74.
Discounted at 10% per
year over 5 years → Fair Value:
$54.
