Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
189M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-45.79%.
Starting with 189M and growing at -45.79%
for 5 years, we estimate Free Cash Flow will be
8.85M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 124.77M.
We will project this out 5 year(s) with a growth rate
of -2.52%.
Estimated Diluted Shares Outstanding: 109.82M.
Step 3: Project Future Stock Price
Using a price ratio of 21.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(8.85M ÷ 109.82M) × 21.19 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $1.
Discounted at 10% per
year over 5 years → Fair Value:
n/a.
