Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.61M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-21.87%.
Starting with 50.61M and growing at -21.87%
for 5 years, we estimate Free Cash Flow will be
14.73M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 31.87M.
We will project this out 5 year(s) with a growth rate
of 0.48%.
Estimated Diluted Shares Outstanding: 32.64M.
Step 3: Project Future Stock Price
Using a price ratio of 5.96, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(14.73M ÷ 32.64M) × 5.96 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.25.
Projected over 5 years with a growth rate of
-2.34%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.603379915692617.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $12.6.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
