Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
197.66M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-24.25%.
Starting with 197.66M and growing at -24.25%
for 5 years, we estimate Free Cash Flow will be
49.3M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 57.9M.
We will project this out 5 year(s) with a growth rate
of -0.01%.
Estimated Diluted Shares Outstanding: 57.87M.
Step 3: Project Future Stock Price
Using a price ratio of 10.66, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(49.3M ÷ 57.87M) × 10.66 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.93.
Projected over 5 years with a growth rate of
-4.46%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.609747316098247.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $17.61.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
