Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.29M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.48%.
Starting with 7.29M and growing at -6.48%
for 5 years, we estimate Free Cash Flow will be
5.21M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.22M.
We will project this out 5 year(s) with a growth rate
of 12.17%.
Estimated Diluted Shares Outstanding: 12.81M.
Step 3: Project Future Stock Price
Using a price ratio of 13.4, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.21M ÷ 12.81M) × 13.4 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $7.5.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
