Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
38.42M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-17.57%.
Starting with 38.42M and growing at -17.57%
for 5 years, we estimate Free Cash Flow will be
14.62M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.94M.
We will project this out 5 year(s) with a growth rate
of 0.5%.
Estimated Diluted Shares Outstanding: 17.37M.
Step 3: Project Future Stock Price
Using a price ratio of 20.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(14.62M ÷ 17.37M) × 20.8 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-2.24%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.905857986117453.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $22.91.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
