Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
265M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.85%.
Starting with 265M and growing at -4.85%
for 5 years, we estimate Free Cash Flow will be
206.68M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 199.91M.
We will project this out 5 year(s) with a growth rate
of -0.38%.
Estimated Diluted Shares Outstanding: 196.14M.
Step 3: Project Future Stock Price
Using a price ratio of 3.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(206.68M ÷ 196.14M) × 3.06 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.65.
Projected over 5 years with a growth rate of
-14.35%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.6010876231437985.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $8.6.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
