Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
28.23M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 28.23M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
28.23M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.36M.
We will project this out 5 year(s) with a growth rate
of -1.53%.
Estimated Diluted Shares Outstanding: 16.07M.
Step 3: Project Future Stock Price
Using a price ratio of 3.9, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(28.23M ÷ 16.07M) × 3.9 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.57.
Projected over 5 years with a growth rate of
-16.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.833217528958541.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $7.83.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
