Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
66.42M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.14%.
Starting with 66.42M and growing at 2.14%
for 5 years, we estimate Free Cash Flow will be
73.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.85M.
We will project this out 5 year(s) with a growth rate
of -1.69%.
Estimated Diluted Shares Outstanding: 10.88M.
Step 3: Project Future Stock Price
Using a price ratio of 8.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(73.84M ÷ 10.88M) × 8.19 =
$55
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.49.
Projected over 5 years with a growth rate of
14.42%, dividends add to total shareholder return.
Expected dividends in 5 years:
$17.43509066073335.
Step 5: Discount the Projected Stock Price
Projected stock price: $55.
Including dividends, total future value: $72.44.
Discounted at 10% per
year over 5 years → Fair Value:
$44.
