Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
36.55M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-13.76%.
Starting with 36.55M and growing at -13.76%
for 5 years, we estimate Free Cash Flow will be
17.43M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 99.44M.
We will project this out 5 year(s) with a growth rate
of -1.93%.
Estimated Diluted Shares Outstanding: 90.21M.
Step 3: Project Future Stock Price
Using a price ratio of 7.77, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(17.43M ÷ 90.21M) × 7.77 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-12.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.510713704314402.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $5.51.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
