Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.92M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-21.39%.
Starting with 7.92M and growing at -21.39%
for 5 years, we estimate Free Cash Flow will be
2.38M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 18.99M.
We will project this out 5 year(s) with a growth rate
of -0.18%.
Estimated Diluted Shares Outstanding: 18.82M.
Step 3: Project Future Stock Price
Using a price ratio of 40.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.38M ÷ 18.82M) × 40.29 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.54.
Projected over 5 years with a growth rate of
-23.89%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.47176289179065.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $16.47.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
