Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
15.77M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-36.87%.
Starting with 15.77M and growing at -36.87%
for 5 years, we estimate Free Cash Flow will be
1.58M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.79M.
We will project this out 5 year(s) with a growth rate
of -1.9%.
Estimated Diluted Shares Outstanding: 7.08M.
Step 3: Project Future Stock Price
Using a price ratio of 147.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.58M ÷ 7.08M) × 147.21 =
$32
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $32.
Including dividends, total future value: $32.
Discounted at 10% per
year over 5 years → Fair Value:
$19.
