Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
55.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.72%.
Starting with 55.9M and growing at 12.72%
for 5 years, we estimate Free Cash Flow will be
101.72M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.84M.
We will project this out 5 year(s) with a growth rate
of 21.49%.
Estimated Diluted Shares Outstanding: 57.81M.
Step 3: Project Future Stock Price
Using a price ratio of 2.47, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(101.72M ÷ 57.81M) × 2.47 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.28.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.4000000000000001.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $5.4.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
