Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
32.26M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.79%.
Starting with 32.26M and growing at 7.79%
for 5 years, we estimate Free Cash Flow will be
46.95M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.03M.
We will project this out 5 year(s) with a growth rate
of -1.55%.
Estimated Diluted Shares Outstanding: 9.28M.
Step 3: Project Future Stock Price
Using a price ratio of 9.31, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(46.95M ÷ 9.28M) × 9.31 =
$47
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.69.
Projected over 5 years with a growth rate of
6.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.999495556334999.
Step 5: Discount the Projected Stock Price
Projected stock price: $47.
Including dividends, total future value: $51.
Discounted at 10% per
year over 5 years → Fair Value:
$31.
