Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
136.1M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.21%.
Starting with 136.1M and growing at -19.21%
for 5 years, we estimate Free Cash Flow will be
46.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 71.02M.
We will project this out 5 year(s) with a growth rate
of -4.82%.
Estimated Diluted Shares Outstanding: 55.48M.
Step 3: Project Future Stock Price
Using a price ratio of 17.31, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(46.84M ÷ 55.48M) × 17.31 =
$14
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.32.
Projected over 5 years with a growth rate of
-14.06%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.365707140420808.
Step 5: Discount the Projected Stock Price
Projected stock price: $14.
Including dividends, total future value: $25.37.
Discounted at 10% per
year over 5 years → Fair Value:
$15.
