Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
31.72M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-22.53%.
Starting with 31.72M and growing at -22.53%
for 5 years, we estimate Free Cash Flow will be
8.85M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.64M.
We will project this out 5 year(s) with a growth rate
of -2.08%.
Estimated Diluted Shares Outstanding: 36.59M.
Step 3: Project Future Stock Price
Using a price ratio of 34.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.85M ÷ 36.59M) × 34.29 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $9.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
