Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-43.79M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.32%.
Starting with -43.79M and growing at -14.32%
for 5 years, we estimate Free Cash Flow will be
-20.22M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 38.22M.
We will project this out 5 year(s) with a growth rate
of 2.25%.
Estimated Diluted Shares Outstanding: 42.72M.
Step 3: Project Future Stock Price
Using a price ratio of -7.88, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-20.22M ÷ 42.72M) × -7.88 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.5.
Projected over 5 years with a growth rate of
6.26%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.729428101395971.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $11.73.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
