Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
179.5M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-20.47%.
Starting with 179.5M and growing at -20.47%
for 5 years, we estimate Free Cash Flow will be
57.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.54M.
We will project this out 5 year(s) with a growth rate
of -2.36%.
Estimated Diluted Shares Outstanding: 19.12M.
Step 3: Project Future Stock Price
Using a price ratio of 2.53, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(57.11M ÷ 19.12M) × 2.53 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.56.
Projected over 5 years with a growth rate of
-2.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.310343613657834.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $14.31.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
