Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
15.45M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.46%.
Starting with 15.45M and growing at 10.46%
for 5 years, we estimate Free Cash Flow will be
25.41M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.12M.
We will project this out 5 year(s) with a growth rate
of 5.45%.
Estimated Diluted Shares Outstanding: 32.75M.
Step 3: Project Future Stock Price
Using a price ratio of 8.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.41M ÷ 32.75M) × 8.55 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.3.
Projected over 5 years with a growth rate of
8.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.8372368598389568.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $7.84.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
