Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
61.44M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.75%.
Starting with 61.44M and growing at -14.75%
for 5 years, we estimate Free Cash Flow will be
27.67M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 14.57M.
We will project this out 5 year(s) with a growth rate
of -2.03%.
Estimated Diluted Shares Outstanding: 13.15M.
Step 3: Project Future Stock Price
Using a price ratio of 7.64, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(27.67M ÷ 13.15M) × 7.64 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $16.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
