Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
66.39M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
12.49%.
Starting with 66.39M and growing at 12.49%
for 5 years, we estimate Free Cash Flow will be
119.59M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.37M.
We will project this out 5 year(s) with a growth rate
of 61.23%.
Estimated Diluted Shares Outstanding: 232.81M.
Step 3: Project Future Stock Price
Using a price ratio of 12.87, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(119.59M ÷ 232.81M) × 12.87 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $11.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
