Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
10.53M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-13.3%.
Starting with 10.53M and growing at -13.3%
for 5 years, we estimate Free Cash Flow will be
5.16M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.33M.
We will project this out 5 year(s) with a growth rate
of -4.32%.
Estimated Diluted Shares Outstanding: 5.08M.
Step 3: Project Future Stock Price
Using a price ratio of 7.6, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.16M ÷ 5.08M) × 7.6 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.59.
Projected over 5 years with a growth rate of
2.89%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.1677794274378788.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $10.17.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
