Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
91.19M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.09%.
Starting with 91.19M and growing at -6.09%
for 5 years, we estimate Free Cash Flow will be
66.61M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 88.16M.
We will project this out 5 year(s) with a growth rate
of 1.82%.
Estimated Diluted Shares Outstanding: 96.48M.
Step 3: Project Future Stock Price
Using a price ratio of 29.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(66.61M ÷ 96.48M) × 29.17 =
$20
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.9.
Projected over 5 years with a growth rate of
-14.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.0187080742711045.
Step 5: Discount the Projected Stock Price
Projected stock price: $20.
Including dividends, total future value: $23.02.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
