Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.72M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 8.72M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
8.72M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 53.86M.
We will project this out 5 year(s) with a growth rate
of 4.01%.
Estimated Diluted Shares Outstanding: 65.56M.
Step 3: Project Future Stock Price
Using a price ratio of 24.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.72M ÷ 65.56M) × 24.83 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.83.
Projected over 5 years with a growth rate of
-3.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.065246311333716.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $16.07.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
