Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
65.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.46%.
Starting with 65.04M and growing at 0.46%
for 5 years, we estimate Free Cash Flow will be
66.55M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 89.1M.
We will project this out 5 year(s) with a growth rate
of 2.26%.
Estimated Diluted Shares Outstanding: 99.64M.
Step 3: Project Future Stock Price
Using a price ratio of 10.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(66.55M ÷ 99.64M) × 10.83 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.68.
Projected over 5 years with a growth rate of
-12.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.453828255147035.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $9.45.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
