Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
95.99M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-9.12%.
Starting with 95.99M and growing at -9.12%
for 5 years, we estimate Free Cash Flow will be
59.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 23.01M.
We will project this out 5 year(s) with a growth rate
of -5.38%.
Estimated Diluted Shares Outstanding: 17.45M.
Step 3: Project Future Stock Price
Using a price ratio of 7.38, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(59.51M ÷ 17.45M) × 7.38 =
$25
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: $25.
Including dividends, total future value: $25.
Discounted at 10% per
year over 5 years → Fair Value:
$15.
