Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.15M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.09%.
Starting with 8.15M and growing at 1.09%
for 5 years, we estimate Free Cash Flow will be
8.61M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.58M.
We will project this out 5 year(s) with a growth rate
of -2.25%.
Estimated Diluted Shares Outstanding: 5.87M.
Step 3: Project Future Stock Price
Using a price ratio of 12.18, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.61M ÷ 5.87M) × 12.18 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.7.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.031189154882762.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $20.03.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
