Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
47.81M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 47.81M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
47.81M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.09M.
We will project this out 5 year(s) with a growth rate
of -3.89%.
Estimated Diluted Shares Outstanding: 18.12M.
Step 3: Project Future Stock Price
Using a price ratio of 2.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(47.81M ÷ 18.12M) × 2.85 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.73.
Projected over 5 years with a growth rate of
-3.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.9910055592873.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $14.99.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
