Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
254.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-12.3%.
Starting with 254.9M and growing at -12.3%
for 5 years, we estimate Free Cash Flow will be
132.24M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 57.42M.
We will project this out 5 year(s) with a growth rate
of 0.39%.
Estimated Diluted Shares Outstanding: 58.55M.
Step 3: Project Future Stock Price
Using a price ratio of 9.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(132.24M ÷ 58.55M) × 9.27 =
$20
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.83.
Projected over 5 years with a growth rate of
-3.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.833835037114716.
Step 5: Discount the Projected Stock Price
Projected stock price: $20.
Including dividends, total future value: $23.83.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
