Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
33.14M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 33.14M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
33.14M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.4M.
We will project this out 5 year(s) with a growth rate
of 0.05%.
Estimated Diluted Shares Outstanding: 13.43M.
Step 3: Project Future Stock Price
Using a price ratio of 3.18, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(33.14M ÷ 13.43M) × 3.18 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.7.
Projected over 5 years with a growth rate of
3.47%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.25667569115824.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $16.26.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
