Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
78.82M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.42%.
Starting with 78.82M and growing at -2.42%
for 5 years, we estimate Free Cash Flow will be
69.74M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 35.02M.
We will project this out 5 year(s) with a growth rate
of 2.83%.
Estimated Diluted Shares Outstanding: 40.26M.
Step 3: Project Future Stock Price
Using a price ratio of 5.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(69.74M ÷ 40.26M) × 5.72 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.88.
Projected over 5 years with a growth rate of
-2.01%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.182221888448889.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $13.18.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
