Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
31.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.7%.
Starting with 31.16M and growing at 0.7%
for 5 years, we estimate Free Cash Flow will be
32.26M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.85M.
We will project this out 5 year(s) with a growth rate
of 0.21%.
Estimated Diluted Shares Outstanding: 11.97M.
Step 3: Project Future Stock Price
Using a price ratio of 6.91, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(32.26M ÷ 11.97M) × 6.91 =
$18
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.9.
Projected over 5 years with a growth rate of
2.86%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.82868431821802.
Step 5: Discount the Projected Stock Price
Projected stock price: $18.
Including dividends, total future value: $22.83.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
