Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
42.27M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.7%.
Starting with 42.27M and growing at 13.7%
for 5 years, we estimate Free Cash Flow will be
80.33M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 8.72M.
We will project this out 5 year(s) with a growth rate
of -0.86%.
Estimated Diluted Shares Outstanding: 8.35M.
Step 3: Project Future Stock Price
Using a price ratio of 22.35, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(80.33M ÷ 8.35M) × 22.35 =
$214
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.35.
Projected over 5 years with a growth rate of
6.96%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.070577709281787.
Step 5: Discount the Projected Stock Price
Projected stock price: $214.
Including dividends, total future value: $216.07.
Discounted at 10% per
year over 5 years → Fair Value:
$134.
