Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
19.43M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
5.86%.
Starting with 19.43M and growing at 5.86%
for 5 years, we estimate Free Cash Flow will be
25.83M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 8.44M.
We will project this out 5 year(s) with a growth rate
of 1.61%.
Estimated Diluted Shares Outstanding: 9.14M.
Step 3: Project Future Stock Price
Using a price ratio of 6.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.83M ÷ 9.14M) × 6.84 =
$19
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.01.
Projected over 5 years with a growth rate of
-0.96%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.929671242095686.
Step 5: Discount the Projected Stock Price
Projected stock price: $19.
Including dividends, total future value: $23.93.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
