Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
161.74M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.9%.
Starting with 161.74M and growing at -19.9%
for 5 years, we estimate Free Cash Flow will be
53.33M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 63M.
We will project this out 5 year(s) with a growth rate
of 4.13%.
Estimated Diluted Shares Outstanding: 77.13M.
Step 3: Project Future Stock Price
Using a price ratio of 4.95, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(53.33M ÷ 77.13M) × 4.95 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $5.7.
Projected over 5 years with a growth rate of
-0.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$27.99681559389508.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $31.
Discounted at 10% per
year over 5 years → Fair Value:
$19.
