Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.85M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.19%.
Starting with 6.85M and growing at -3.19%
for 5 years, we estimate Free Cash Flow will be
5.82M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.32M.
We will project this out 5 year(s) with a growth rate
of 4.51%.
Estimated Diluted Shares Outstanding: 5.39M.
Step 3: Project Future Stock Price
Using a price ratio of 5.48, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.82M ÷ 5.39M) × 5.48 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.48.
Projected over 5 years with a growth rate of
-21.91%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.2933015521304434.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $6.29.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
