Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.8M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.03%.
Starting with 8.8M and growing at -4.03%
for 5 years, we estimate Free Cash Flow will be
7.17M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 48.01M.
We will project this out 5 year(s) with a growth rate
of -2.67%.
Estimated Diluted Shares Outstanding: 41.93M.
Step 3: Project Future Stock Price
Using a price ratio of 27.02, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.17M ÷ 41.93M) × 27.02 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
