Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
20.6M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.11%.
Starting with 20.6M and growing at 4.11%
for 5 years, we estimate Free Cash Flow will be
25.2M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.48M.
We will project this out 5 year(s) with a growth rate
of 0.25%.
Estimated Diluted Shares Outstanding: 17.7M.
Step 3: Project Future Stock Price
Using a price ratio of 8.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.2M ÷ 17.7M) × 8.24 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
1.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.1337474998546506.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $14.13.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
