Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
21.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 21.11M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
21.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.45M.
We will project this out 5 year(s) with a growth rate
of 6.39%.
Estimated Diluted Shares Outstanding: 8.79M.
Step 3: Project Future Stock Price
Using a price ratio of 4.71, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21.11M ÷ 8.79M) × 4.71 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.35.
Projected over 5 years with a growth rate of
48.96%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.739278252874513.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $15.74.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
