Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
27.48M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.27%.
Starting with 27.48M and growing at -6.27%
for 5 years, we estimate Free Cash Flow will be
19.88M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 45.88M.
We will project this out 5 year(s) with a growth rate
of 2.14%.
Estimated Diluted Shares Outstanding: 51M.
Step 3: Project Future Stock Price
Using a price ratio of 15.65, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(19.88M ÷ 51M) × 15.65 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.4.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7321080885044355.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $7.73.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
