Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
138.41M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-9.62%.
Starting with 138.41M and growing at -9.62%
for 5 years, we estimate Free Cash Flow will be
83.47M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 128.18M.
We will project this out 5 year(s) with a growth rate
of -0.93%.
Estimated Diluted Shares Outstanding: 122.33M.
Step 3: Project Future Stock Price
Using a price ratio of 6.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(83.47M ÷ 122.33M) × 6.58 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.7.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.031189154882762.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $7.03.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
