Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
318.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-27.76%.
Starting with 318.9M and growing at -27.76%
for 5 years, we estimate Free Cash Flow will be
62.74M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.64M.
We will project this out 5 year(s) with a growth rate
of 2.98%.
Estimated Diluted Shares Outstanding: 29.69M.
Step 3: Project Future Stock Price
Using a price ratio of 4.22, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(62.74M ÷ 29.69M) × 4.22 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.69.
Projected over 5 years with a growth rate of
5.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$15.548182162282549.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $23.55.
Discounted at 10% per
year over 5 years → Fair Value:
$14.
