Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
42.57M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-8.82%.
Starting with 42.57M and growing at -8.82%
for 5 years, we estimate Free Cash Flow will be
26.83M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 41.81M.
We will project this out 5 year(s) with a growth rate
of -2.47%.
Estimated Diluted Shares Outstanding: 36.9M.
Step 3: Project Future Stock Price
Using a price ratio of 11.31, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(26.83M ÷ 36.9M) × 11.31 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.65.
Projected over 5 years with a growth rate of
-2.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.060063010805916.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $11.06.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
