Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
302M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-18.11%.
Starting with 302M and growing at -18.11%
for 5 years, we estimate Free Cash Flow will be
111.21M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 125.83M.
We will project this out 5 year(s) with a growth rate
of -10.96%.
Estimated Diluted Shares Outstanding: 70.42M.
Step 3: Project Future Stock Price
Using a price ratio of 7.76, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(111.21M ÷ 70.42M) × 7.76 =
$12
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.68.
Projected over 5 years with a growth rate of
-29.43%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.422424456111265.
Step 5: Discount the Projected Stock Price
Projected stock price: $12.
Including dividends, total future value: $13.42.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
