Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
27.61M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 27.61M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
27.61M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.72M.
We will project this out 5 year(s) with a growth rate
of 28.33%.
Estimated Diluted Shares Outstanding: 61.68M.
Step 3: Project Future Stock Price
Using a price ratio of 6.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(27.61M ÷ 61.68M) × 6.72 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.
Projected over 5 years with a growth rate of
1.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.279814455436572.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $13.28.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
