Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
63.84M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-10.4%.
Starting with 63.84M and growing at -10.4%
for 5 years, we estimate Free Cash Flow will be
36.87M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.79M.
We will project this out 5 year(s) with a growth rate
of -26.95%.
Estimated Diluted Shares Outstanding: 788.89K.
Step 3: Project Future Stock Price
Using a price ratio of 11.87, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(36.87M ÷ 788.89K) × 11.87 =
$554
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.56.
Projected over 5 years with a growth rate of
-0.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$17.38903212429832.
Step 5: Discount the Projected Stock Price
Projected stock price: $554.
Including dividends, total future value: $571.39.
Discounted at 10% per
year over 5 years → Fair Value:
$354.
