Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
74.45M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.03%.
Starting with 74.45M and growing at -19.03%
for 5 years, we estimate Free Cash Flow will be
25.91M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.62M.
We will project this out 5 year(s) with a growth rate
of -0.33%.
Estimated Diluted Shares Outstanding: 22.25M.
Step 3: Project Future Stock Price
Using a price ratio of 2.04, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.91M ÷ 22.25M) × 2.04 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.92.
Projected over 5 years with a growth rate of
0.44%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.70594873541163.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $11.71.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
