Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
68.93M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
26.88%.
Starting with 68.93M and growing at 26.88%
for 5 years, we estimate Free Cash Flow will be
226.67M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 210.1M.
We will project this out 5 year(s) with a growth rate
of -5.89%.
Estimated Diluted Shares Outstanding: 155.1M.
Step 3: Project Future Stock Price
Using a price ratio of 5.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(226.67M ÷ 155.1M) × 5.54 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
2.36%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.0600483955475963.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $9.06.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
