Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
31.17M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.04%.
Starting with 31.17M and growing at 9.04%
for 5 years, we estimate Free Cash Flow will be
48.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.41M.
We will project this out 5 year(s) with a growth rate
of -3.4%.
Estimated Diluted Shares Outstanding: 13.8M.
Step 3: Project Future Stock Price
Using a price ratio of 4.97, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(48.04M ÷ 13.8M) × 4.97 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
14.99%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.671659843748424.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $22.67.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
