Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
582M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-32.82%.
Starting with 582M and growing at -32.82%
for 5 years, we estimate Free Cash Flow will be
79.64M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 258.91M.
We will project this out 5 year(s) with a growth rate
of 2.96%.
Estimated Diluted Shares Outstanding: 299.57M.
Step 3: Project Future Stock Price
Using a price ratio of 29.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(79.64M ÷ 299.57M) × 29.06 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
-0.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $7.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
