Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
18.78M
as of Aug 2, 2025.
We will project this out 5 years with a yearly growth
rate of
-11.76%.
Starting with 18.78M and growing at -11.76%
for 5 years, we estimate Free Cash Flow will be
10.05M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.8M.
We will project this out 5 year(s) with a growth rate
of -7.11%.
Estimated Diluted Shares Outstanding: 7.47M.
Step 3: Project Future Stock Price
Using a price ratio of 1.57, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.05M ÷ 7.47M) × 1.57 =
$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.
