Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
224.68M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.5%.
Starting with 224.68M and growing at -5.5%
for 5 years, we estimate Free Cash Flow will be
169.32M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 129.99M.
We will project this out 5 year(s) with a growth rate
of -0.15%.
Estimated Diluted Shares Outstanding: 129.02M.
Step 3: Project Future Stock Price
Using a price ratio of 5.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(169.32M ÷ 129.02M) × 5.29 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
9.86%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.060098583100884.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $11.06.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
