Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
29.06M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.81%.
Starting with 29.06M and growing at -3.81%
for 5 years, we estimate Free Cash Flow will be
23.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 19.13M.
We will project this out 5 year(s) with a growth rate
of 4.92%.
Estimated Diluted Shares Outstanding: 24.32M.
Step 3: Project Future Stock Price
Using a price ratio of 9.95, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(23.93M ÷ 24.32M) × 9.95 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-3.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.7138805685508283.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $11.71.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
