Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
462M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-55.02%.
Starting with 462M and growing at -55.02%
for 5 years, we estimate Free Cash Flow will be
8.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 69.64M.
We will project this out 5 year(s) with a growth rate
of -6.64%.
Estimated Diluted Shares Outstanding: 49.4M.
Step 3: Project Future Stock Price
Using a price ratio of 6.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.51M ÷ 49.4M) × 6.99 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-1.28%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.0519158974210985.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $7.05.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
