Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-42.58M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -42.58M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-42.58M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.53M.
We will project this out 5 year(s) with a growth rate
of 4.03%.
Estimated Diluted Shares Outstanding: 26.24M.
Step 3: Project Future Stock Price
Using a price ratio of -2.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-42.58M ÷ 26.24M) × -2.85 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
