Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-3.49M
as of Jun 30, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -3.49M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-3.49M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.32M.
We will project this out 5 year(s) with a growth rate
of -1.62%.
Estimated Diluted Shares Outstanding: 11.36M.
Step 3: Project Future Stock Price
Using a price ratio of -12.79, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-3.49M ÷ 11.36M) × -12.79 =
$3
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: $3.
Including dividends, total future value: $3.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
