Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
144.25M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 144.25M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
144.25M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 168.64M.
We will project this out 5 year(s) with a growth rate
of -2.01%.
Estimated Diluted Shares Outstanding: 152.36M.
Step 3: Project Future Stock Price
Using a price ratio of 14.32, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(144.25M ÷ 152.36M) × 14.32 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.18.
Projected over 5 years with a growth rate of
-12.94%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.6364864558486512.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $13.64.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
