Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
82.67M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-20.35%.
Starting with 82.67M and growing at -20.35%
for 5 years, we estimate Free Cash Flow will be
26.5M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 56.1M.
We will project this out 5 year(s) with a growth rate
of -0.85%.
Estimated Diluted Shares Outstanding: 53.75M.
Step 3: Project Future Stock Price
Using a price ratio of 49.91, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(26.5M ÷ 53.75M) × 49.91 =
$24
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.04.
Projected over 5 years with a growth rate of
8.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.369087780775051.
Step 5: Discount the Projected Stock Price
Projected stock price: $24.
Including dividends, total future value: $30.37.
Discounted at 10% per
year over 5 years → Fair Value:
$18.
