Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
53.65M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.06%.
Starting with 53.65M and growing at -3.06%
for 5 years, we estimate Free Cash Flow will be
45.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 31.73M.
We will project this out 5 year(s) with a growth rate
of 22.42%.
Estimated Diluted Shares Outstanding: 87.25M.
Step 3: Project Future Stock Price
Using a price ratio of 10.1, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(45.93M ÷ 87.25M) × 10.1 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
47.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.124280174409225.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $18.12.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
