Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
37.09M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-15.39%.
Starting with 37.09M and growing at -15.39%
for 5 years, we estimate Free Cash Flow will be
16.08M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.3M.
We will project this out 5 year(s) with a growth rate
of -2.68%.
Estimated Diluted Shares Outstanding: 9.87M.
Step 3: Project Future Stock Price
Using a price ratio of 4.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(16.08M ÷ 9.87M) × 4.45 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.62.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.36902411934948.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $12.37.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
