Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
9.27M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-11.96%.
Starting with 9.27M and growing at -11.96%
for 5 years, we estimate Free Cash Flow will be
4.9M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 23.06M.
We will project this out 5 year(s) with a growth rate
of -1.54%.
Estimated Diluted Shares Outstanding: 21.34M.
Step 3: Project Future Stock Price
Using a price ratio of 31.94, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.9M ÷ 21.34M) × 31.94 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
11.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.9277088619679015.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $10.93.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
