Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
28.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.93%.
Starting with 28.04M and growing at 2.93%
for 5 years, we estimate Free Cash Flow will be
32.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.01M.
We will project this out 5 year(s) with a growth rate
of 13.55%.
Estimated Diluted Shares Outstanding: 103.83M.
Step 3: Project Future Stock Price
Using a price ratio of 11.76, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(32.39M ÷ 103.83M) × 11.76 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.95.
Projected over 5 years with a growth rate of
-19.36%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.773766555507193.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $5.77.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
