Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
43.61M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-8.41%.
Starting with 43.61M and growing at -8.41%
for 5 years, we estimate Free Cash Flow will be
28.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 46.89M.
We will project this out 5 year(s) with a growth rate
of 1.33%.
Estimated Diluted Shares Outstanding: 50.1M.
Step 3: Project Future Stock Price
Using a price ratio of 58.26, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(28.11M ÷ 50.1M) × 58.26 =
$32
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.05.
Projected over 5 years with a growth rate of
-36.03%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.0818240337473631.
Step 5: Discount the Projected Stock Price
Projected stock price: $32.
Including dividends, total future value: $32.08.
Discounted at 10% per
year over 5 years → Fair Value:
$19.
