Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
81.76M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
3.11%.
Starting with 81.76M and growing at 3.11%
for 5 years, we estimate Free Cash Flow will be
95.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 33.61M.
We will project this out 5 year(s) with a growth rate
of -7.04%.
Estimated Diluted Shares Outstanding: 23.33M.
Step 3: Project Future Stock Price
Using a price ratio of 2.77, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(95.29M ÷ 23.33M) × 2.77 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.89.
Projected over 5 years with a growth rate of
0.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.533907422058653.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $15.53.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
