Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-17.05M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.35%.
Starting with -17.05M and growing at 13.35%
for 5 years, we estimate Free Cash Flow will be
-31.91M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 54.72M.
We will project this out 5 year(s) with a growth rate
of 9.59%.
Estimated Diluted Shares Outstanding: 86.49M.
Step 3: Project Future Stock Price
Using a price ratio of -6.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-31.91M ÷ 86.49M) × -6.54 =
$2
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: $2.
Including dividends, total future value: $2.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
