Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
26.88M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.15%.
Starting with 26.88M and growing at -2.15%
for 5 years, we estimate Free Cash Flow will be
24.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 30.13M.
We will project this out 5 year(s) with a growth rate
of -0.43%.
Estimated Diluted Shares Outstanding: 29.48M.
Step 3: Project Future Stock Price
Using a price ratio of 11.82, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(24.11M ÷ 29.48M) × 11.82 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.31.
Projected over 5 years with a growth rate of
9.27%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.175110991504251.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $17.18.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
