Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-2.75M
as of Sep 30, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -2.75M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-2.75M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.23M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 7.23M.
Step 3: Project Future Stock Price
Using a price ratio of -123.47, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-2.75M ÷ 7.23M) × -123.47 =
$46
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $46.
Including dividends, total future value: $46.
Discounted at 10% per
year over 5 years → Fair Value:
$28.
