Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
145.51M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.84%.
Starting with 145.51M and growing at -3.84%
for 5 years, we estimate Free Cash Flow will be
119.64M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 34.05M.
We will project this out 5 year(s) with a growth rate
of 0.96%.
Estimated Diluted Shares Outstanding: 35.71M.
Step 3: Project Future Stock Price
Using a price ratio of 2.59, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(119.64M ÷ 35.71M) × 2.59 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.13.
Projected over 5 years with a growth rate of
-48.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.1258909867822568.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $8.13.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
