Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
43.42M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.72%.
Starting with 43.42M and growing at -5.72%
for 5 years, we estimate Free Cash Flow will be
32.34M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 61.45M.
We will project this out 5 year(s) with a growth rate
of 5.13%.
Estimated Diluted Shares Outstanding: 78.91M.
Step 3: Project Future Stock Price
Using a price ratio of 12.63, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(32.34M ÷ 78.91M) × 12.63 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.65.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.8146756438197076.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $7.81.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
