Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
22.44M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
29.82%.
Starting with 22.44M and growing at 29.82%
for 5 years, we estimate Free Cash Flow will be
82.75M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 107.1M.
We will project this out 5 year(s) with a growth rate
of 40.5%.
Estimated Diluted Shares Outstanding: 586.37M.
Step 3: Project Future Stock Price
Using a price ratio of 8.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(82.75M ÷ 586.37M) × 8.99 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.66.
Projected over 5 years with a growth rate of
7.52%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.949499434050951.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $10.95.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
