Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
11.33M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-27.31%.
Starting with 11.33M and growing at -27.31%
for 5 years, we estimate Free Cash Flow will be
2.3M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.99M.
We will project this out 5 year(s) with a growth rate
of -0.54%.
Estimated Diluted Shares Outstanding: 4.85M.
Step 3: Project Future Stock Price
Using a price ratio of 11.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.3M ÷ 4.85M) × 11.44 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.26.
Projected over 5 years with a growth rate of
-4.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.606174686571927.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $10.61.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
