Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
9.74M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.06%.
Starting with 9.74M and growing at -19.06%
for 5 years, we estimate Free Cash Flow will be
3.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.36M.
We will project this out 5 year(s) with a growth rate
of -1.3%.
Estimated Diluted Shares Outstanding: 5.96M.
Step 3: Project Future Stock Price
Using a price ratio of 16.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.39M ÷ 5.96M) × 16.43 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.24.
Projected over 5 years with a growth rate of
-12.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.115470862368461.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $17.12.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
