Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
45.53M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 45.53M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
45.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 43.16M.
We will project this out 5 year(s) with a growth rate
of -5.74%.
Estimated Diluted Shares Outstanding: 32.11M.
Step 3: Project Future Stock Price
Using a price ratio of 7.39, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(45.53M ÷ 32.11M) × 7.39 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.43.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.72367801825851.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $13.72.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
