Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
57.46M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
41.91%.
Starting with 57.46M and growing at 41.91%
for 5 years, we estimate Free Cash Flow will be
330.71M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 110M.
We will project this out 5 year(s) with a growth rate
of 0.54%.
Estimated Diluted Shares Outstanding: 113M.
Step 3: Project Future Stock Price
Using a price ratio of 22.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(330.71M ÷ 113M) × 22.14 =
$64
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.18.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.8999999999999999.
Step 5: Discount the Projected Stock Price
Projected stock price: $64.
Including dividends, total future value: $64.9.
Discounted at 10% per
year over 5 years → Fair Value:
$40.
