Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
26.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-10.45%.
Starting with 26.9M and growing at -10.45%
for 5 years, we estimate Free Cash Flow will be
15.49M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.27M.
We will project this out 5 year(s) with a growth rate
of -3.66%.
Estimated Diluted Shares Outstanding: 13.5M.
Step 3: Project Future Stock Price
Using a price ratio of 14.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(15.49M ÷ 13.5M) × 14.17 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
-19.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.709353497221793.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $20.71.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
