Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
49.3M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.63%.
Starting with 49.3M and growing at -0.63%
for 5 years, we estimate Free Cash Flow will be
47.77M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 151.72M.
We will project this out 5 year(s) with a growth rate
of -0.92%.
Estimated Diluted Shares Outstanding: 144.87M.
Step 3: Project Future Stock Price
Using a price ratio of 56.93, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(47.77M ÷ 144.87M) × 56.93 =
$18
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
-1.28%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9683065435873758.
Step 5: Discount the Projected Stock Price
Projected stock price: $18.
Including dividends, total future value: $18.97.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
