Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.07M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-8.77%.
Starting with 13.07M and growing at -8.77%
for 5 years, we estimate Free Cash Flow will be
8.26M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.79M.
We will project this out 5 year(s) with a growth rate
of -0.13%.
Estimated Diluted Shares Outstanding: 7.74M.
Step 3: Project Future Stock Price
Using a price ratio of 7.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.26M ÷ 7.74M) × 7.85 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.69.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.987886452670151.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $10.99.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
