Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
188.91M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.45%.
Starting with 188.91M and growing at 7.45%
for 5 years, we estimate Free Cash Flow will be
270.58M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 186.88M.
We will project this out 5 year(s) with a growth rate
of 36.71%.
Estimated Diluted Shares Outstanding: 892.41M.
Step 3: Project Future Stock Price
Using a price ratio of 3.38, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(270.58M ÷ 892.41M) × 3.38 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.55.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.75.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $3.75.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
