Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
40.56M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-11.66%.
Starting with 40.56M and growing at -11.66%
for 5 years, we estimate Free Cash Flow will be
21.82M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.99M.
We will project this out 5 year(s) with a growth rate
of -0.51%.
Estimated Diluted Shares Outstanding: 21.43M.
Step 3: Project Future Stock Price
Using a price ratio of 8.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21.82M ÷ 21.43M) × 8.19 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.51.
Projected over 5 years with a growth rate of
13.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.295772262431635.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $18.3.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
