Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
417M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.06%.
Starting with 417M and growing at -14.06%
for 5 years, we estimate Free Cash Flow will be
195.48M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 322.97M.
We will project this out 5 year(s) with a growth rate
of -4.57%.
Estimated Diluted Shares Outstanding: 255.61M.
Step 3: Project Future Stock Price
Using a price ratio of 10.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(195.48M ÷ 255.61M) × 10.43 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.17.
Projected over 5 years with a growth rate of
-4.77%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.177144978058012.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $12.18.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
