Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.46M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 13.46M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
13.46M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.88M.
We will project this out 5 year(s) with a growth rate
of 0.96%.
Estimated Diluted Shares Outstanding: 14.56M.
Step 3: Project Future Stock Price
Using a price ratio of 20.31, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(13.46M ÷ 14.56M) × 20.31 =
$18
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
11.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.5564716304414015.
Step 5: Discount the Projected Stock Price
Projected stock price: $18.
Including dividends, total future value: $24.56.
Discounted at 10% per
year over 5 years → Fair Value:
$15.
