Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
12.7M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.55%.
Starting with 12.7M and growing at -0.55%
for 5 years, we estimate Free Cash Flow will be
12.35M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 70.62M.
We will project this out 5 year(s) with a growth rate
of 0.18%.
Estimated Diluted Shares Outstanding: 71.26M.
Step 3: Project Future Stock Price
Using a price ratio of 52.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(12.35M ÷ 71.26M) × 52.92 =
$9
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: $9.
Including dividends, total future value: $9.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
