Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
12.22M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-18%.
Starting with 12.22M and growing at -18%
for 5 years, we estimate Free Cash Flow will be
4.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.8M.
We will project this out 5 year(s) with a growth rate
of 3.49%.
Estimated Diluted Shares Outstanding: 4.51M.
Step 3: Project Future Stock Price
Using a price ratio of 12.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.53M ÷ 4.51M) × 12.58 =
$12
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.77.
Projected over 5 years with a growth rate of
5.25%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.375382150740968.
Step 5: Discount the Projected Stock Price
Projected stock price: $12.
Including dividends, total future value: $16.38.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
