Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
246.6M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-15.65%.
Starting with 246.6M and growing at -15.65%
for 5 years, we estimate Free Cash Flow will be
105.3M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 135.35M.
We will project this out 5 year(s) with a growth rate
of 0.28%.
Estimated Diluted Shares Outstanding: 137.26M.
Step 3: Project Future Stock Price
Using a price ratio of 12.66, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(105.3M ÷ 137.26M) × 12.66 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
-37.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.30622865521629133.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $9.31.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
