Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
542M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-52.5%.
Starting with 542M and growing at -52.5%
for 5 years, we estimate Free Cash Flow will be
13.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 851.02M.
We will project this out 5 year(s) with a growth rate
of 1.03%.
Estimated Diluted Shares Outstanding: 895.76M.
Step 3: Project Future Stock Price
Using a price ratio of 97.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(13.11M ÷ 895.76M) × 97.44 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.86.
Projected over 5 years with a growth rate of
9.95%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.4507534685596655.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $6.45.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
