Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-42.1M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -42.1M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-42.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.28M.
We will project this out 5 year(s) with a growth rate
of 1.57%.
Estimated Diluted Shares Outstanding: 17.6M.
Step 3: Project Future Stock Price
Using a price ratio of -34.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-42.1M ÷ 17.6M) × -34.01 =
$81
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.2.
Projected over 5 years with a growth rate of
-2.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.434227741677335.
Step 5: Discount the Projected Stock Price
Projected stock price: $81.
Including dividends, total future value: $91.43.
Discounted at 10% per
year over 5 years → Fair Value:
$56.
