Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
43.26M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.31%.
Starting with 43.26M and growing at -2.31%
for 5 years, we estimate Free Cash Flow will be
38.49M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 57.39M.
We will project this out 5 year(s) with a growth rate
of 2.81%.
Estimated Diluted Shares Outstanding: 65.91M.
Step 3: Project Future Stock Price
Using a price ratio of 14.35, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(38.49M ÷ 65.91M) × 14.35 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
-2.47%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.696945974847534.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $12.7.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
