Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
132.3M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-46.06%.
Starting with 132.3M and growing at -46.06%
for 5 years, we estimate Free Cash Flow will be
6.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 58.49M.
We will project this out 5 year(s) with a growth rate
of 0.46%.
Estimated Diluted Shares Outstanding: 59.84M.
Step 3: Project Future Stock Price
Using a price ratio of 20.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(6.04M ÷ 59.84M) × 20.13 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $5.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
