Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
170.84M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 170.84M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
170.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 167.97M.
We will project this out 5 year(s) with a growth rate
of 3.48%.
Estimated Diluted Shares Outstanding: 199.3M.
Step 3: Project Future Stock Price
Using a price ratio of 5.96, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(170.84M ÷ 199.3M) × 5.96 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
-2.99%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.415343070716917.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $12.42.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
