Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
20.26M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
30.09%.
Starting with 20.26M and growing at 30.09%
for 5 years, we estimate Free Cash Flow will be
75.5M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 52.34M.
We will project this out 5 year(s) with a growth rate
of 17.16%.
Estimated Diluted Shares Outstanding: 115.54M.
Step 3: Project Future Stock Price
Using a price ratio of 6.36, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(75.5M ÷ 115.54M) × 6.36 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.43.
Projected over 5 years with a growth rate of
-13.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.510038129523307.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $5.51.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
