Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
29M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.8%.
Starting with 29M and growing at -19.8%
for 5 years, we estimate Free Cash Flow will be
9.62M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 131.15M.
We will project this out 5 year(s) with a growth rate
of 0.01%.
Estimated Diluted Shares Outstanding: 131.22M.
Step 3: Project Future Stock Price
Using a price ratio of 36.6, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(9.62M ÷ 131.22M) × 36.6 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.32985816076571.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $6.33.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
