Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-28.63M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.14%.
Starting with -28.63M and growing at -16.14%
for 5 years, we estimate Free Cash Flow will be
-11.87M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 52.44M.
We will project this out 5 year(s) with a growth rate
of 2.8%.
Estimated Diluted Shares Outstanding: 60.21M.
Step 3: Project Future Stock Price
Using a price ratio of 1.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-11.87M ÷ 60.21M) × 1.98 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.5.
Projected over 5 years with a growth rate of
50.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$20.798713117591824.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $19.8.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
