Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
140.1M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 140.1M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
140.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.93M.
We will project this out 5 year(s) with a growth rate
of -1.48%.
Estimated Diluted Shares Outstanding: 34.28M.
Step 3: Project Future Stock Price
Using a price ratio of 1.12, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(140.1M ÷ 34.28M) × 1.12 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.38.
Projected over 5 years with a growth rate of
10.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$15.294737809128984.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $19.29.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
