Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
126.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.28%.
Starting with 126.04M and growing at -5.28%
for 5 years, we estimate Free Cash Flow will be
96.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 127.46M.
We will project this out 5 year(s) with a growth rate
of 3.4%.
Estimated Diluted Shares Outstanding: 150.65M.
Step 3: Project Future Stock Price
Using a price ratio of 13.61, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(96.1M ÷ 150.65M) × 13.61 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.15.
Projected over 5 years with a growth rate of
-6.00%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.925921410315028.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $12.93.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
