Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
12.66M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.32%.
Starting with 12.66M and growing at -5.32%
for 5 years, we estimate Free Cash Flow will be
9.63M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.15M.
We will project this out 5 year(s) with a growth rate
of -2.34%.
Estimated Diluted Shares Outstanding: 9.02M.
Step 3: Project Future Stock Price
Using a price ratio of 9.68, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(9.63M ÷ 9.02M) × 9.68 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-7.37%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.4774244241251133.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $12.48.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
