Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
20.96M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-33.35%.
Starting with 20.96M and growing at -33.35%
for 5 years, we estimate Free Cash Flow will be
2.76M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 28.03M.
We will project this out 5 year(s) with a growth rate
of 8.41%.
Estimated Diluted Shares Outstanding: 41.98M.
Step 3: Project Future Stock Price
Using a price ratio of 82.3, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.76M ÷ 41.98M) × 82.3 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.15.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.75.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $15.75.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
