Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
89.34M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.57%.
Starting with 89.34M and growing at -2.57%
for 5 years, we estimate Free Cash Flow will be
78.44M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 78.59M.
We will project this out 5 year(s) with a growth rate
of 1.34%.
Estimated Diluted Shares Outstanding: 84M.
Step 3: Project Future Stock Price
Using a price ratio of 6.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(78.44M ÷ 84M) × 6.83 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.2.
Projected over 5 years with a growth rate of
-15.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.9755472610827125.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $9.98.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
