Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
80.37M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
19.01%.
Starting with 80.37M and growing at 19.01%
for 5 years, we estimate Free Cash Flow will be
191.88M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.35M.
We will project this out 5 year(s) with a growth rate
of 16.42%.
Estimated Diluted Shares Outstanding: 109.82M.
Step 3: Project Future Stock Price
Using a price ratio of 14.76, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(191.88M ÷ 109.82M) × 14.76 =
$25
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.56.
Projected over 5 years with a growth rate of
0.98%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.8691050325371146.
Step 5: Discount the Projected Stock Price
Projected stock price: $25.
Including dividends, total future value: $27.87.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
