Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
4.66M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-22.79%.
Starting with 4.66M and growing at -22.79%
for 5 years, we estimate Free Cash Flow will be
1.28M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.55M.
We will project this out 5 year(s) with a growth rate
of -0.13%.
Estimated Diluted Shares Outstanding: 2.53M.
Step 3: Project Future Stock Price
Using a price ratio of 9.86, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.28M ÷ 2.53M) × 9.86 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.76.
Projected over 5 years with a growth rate of
-6.55%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.207981542862865.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $7.21.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
