Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.98M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-13.95%.
Starting with 2.98M and growing at -13.95%
for 5 years, we estimate Free Cash Flow will be
1.41M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.52M.
We will project this out 5 year(s) with a growth rate
of -0.74%.
Estimated Diluted Shares Outstanding: 15.92M.
Step 3: Project Future Stock Price
Using a price ratio of 51.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.41M ÷ 15.92M) × 51.17 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.15.
Projected over 5 years with a growth rate of
-2.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.7114246187507274.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.71.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
