Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
41.51M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.84%.
Starting with 41.51M and growing at -7.84%
for 5 years, we estimate Free Cash Flow will be
27.6M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 104.26M.
We will project this out 5 year(s) with a growth rate
of 11.9%.
Estimated Diluted Shares Outstanding: 182.92M.
Step 3: Project Future Stock Price
Using a price ratio of 13.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(27.6M ÷ 182.92M) × 13.19 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.31.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.55.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $2.55.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
