Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
214.8M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.94%.
Starting with 214.8M and growing at -4.94%
for 5 years, we estimate Free Cash Flow will be
166.73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.2B.
We will project this out 5 year(s) with a growth rate
of 0.52%.
Estimated Diluted Shares Outstanding: 1.23B.
Step 3: Project Future Stock Price
Using a price ratio of 75.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(166.73M ÷ 1.23B) × 75.55 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.14.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.7000000000000001.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $10.7.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
