Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
99.39M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 99.39M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
99.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 68.22M.
We will project this out 5 year(s) with a growth rate
of 15.55%.
Estimated Diluted Shares Outstanding: 140.53M.
Step 3: Project Future Stock Price
Using a price ratio of 7.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(99.39M ÷ 140.53M) × 7.44 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
-18.60%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.7472587777606563.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $5.75.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
