Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
4.68M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
20.85%.
Starting with 4.68M and growing at 20.85%
for 5 years, we estimate Free Cash Flow will be
12.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.34M.
We will project this out 5 year(s) with a growth rate
of 7.67%.
Estimated Diluted Shares Outstanding: 16.41M.
Step 3: Project Future Stock Price
Using a price ratio of 16.2, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(12.07M ÷ 16.41M) × 16.2 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
-3.51%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.646183601388299.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $12.65.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
