Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
195M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.74%.
Starting with 195M and growing at -14.74%
for 5 years, we estimate Free Cash Flow will be
87.85M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 99.43M.
We will project this out 5 year(s) with a growth rate
of -13.78%.
Estimated Diluted Shares Outstanding: 47.38M.
Step 3: Project Future Stock Price
Using a price ratio of 4.11, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(87.85M ÷ 47.38M) × 4.11 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.464216177008871.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $10.46.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
