Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
52.54M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
5.25%.
Starting with 52.54M and growing at 5.25%
for 5 years, we estimate Free Cash Flow will be
67.86M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.36M.
We will project this out 5 year(s) with a growth rate
of -1.82%.
Estimated Diluted Shares Outstanding: 36.82M.
Step 3: Project Future Stock Price
Using a price ratio of 5.7, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(67.86M ÷ 36.82M) × 5.7 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
-15.22%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.6545257828296813.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $11.65.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
