Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
245M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 245M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
245M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 123.88M.
We will project this out 5 year(s) with a growth rate
of 6.72%.
Estimated Diluted Shares Outstanding: 171.49M.
Step 3: Project Future Stock Price
Using a price ratio of 1.57, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(245M ÷ 171.49M) × 1.57 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.13.
Projected over 5 years with a growth rate of
-9.00%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.5134720842506924.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $2.51.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
