Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-13.54M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -13.54M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-13.54M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 86.2M.
We will project this out 5 year(s) with a growth rate
of 8.86%.
Estimated Diluted Shares Outstanding: 131.78M.
Step 3: Project Future Stock Price
Using a price ratio of -157.25, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-13.54M ÷ 131.78M) × -157.25 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.33.
Projected over 5 years with a growth rate of
11.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.176276506448759.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $18.18.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
