Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
24.37M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.81%.
Starting with 24.37M and growing at -3.81%
for 5 years, we estimate Free Cash Flow will be
20.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 19.13M.
We will project this out 5 year(s) with a growth rate
of 4.92%.
Estimated Diluted Shares Outstanding: 24.32M.
Step 3: Project Future Stock Price
Using a price ratio of 10.04, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(20.07M ÷ 24.32M) × 10.04 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-3.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.7138805685508283.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $10.71.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
