Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
64.56M
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
8.96%.
Starting with 64.56M and growing at 8.96%
for 5 years, we estimate Free Cash Flow will be
99.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 68.05M.
We will project this out 5 year(s) with a growth rate
of -3.89%.
Estimated Diluted Shares Outstanding: 55.8M.
Step 3: Project Future Stock Price
Using a price ratio of 2.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(99.15M ÷ 55.8M) × 2.54 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
12.30%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.352748556476978.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $12.35.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
