Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
126.92M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.06%.
Starting with 126.92M and growing at -6.06%
for 5 years, we estimate Free Cash Flow will be
92.85M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 167.45M.
We will project this out 5 year(s) with a growth rate
of -0.7%.
Estimated Diluted Shares Outstanding: 161.67M.
Step 3: Project Future Stock Price
Using a price ratio of 27.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(92.85M ÷ 161.67M) × 27.16 =
$15
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.95.
Projected over 5 years with a growth rate of
-12.64%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.388247862536106.
Step 5: Discount the Projected Stock Price
Projected stock price: $15.
Including dividends, total future value: $18.39.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
