Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-14.07M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -14.07M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-14.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.25M.
We will project this out 5 year(s) with a growth rate
of 20.87%.
Estimated Diluted Shares Outstanding: 16.11M.
Step 3: Project Future Stock Price
Using a price ratio of -5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-14.07M ÷ 16.11M) × -5 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.76.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.799999999999999.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $17.8.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
