Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
62.75M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.22%.
Starting with 62.75M and growing at -16.22%
for 5 years, we estimate Free Cash Flow will be
25.9M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.29M.
We will project this out 5 year(s) with a growth rate
of 4.14%.
Estimated Diluted Shares Outstanding: 13.83M.
Step 3: Project Future Stock Price
Using a price ratio of 8.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.9M ÷ 13.83M) × 8.54 =
$15
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.17.
Projected over 5 years with a growth rate of
3.42%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.363077307375875.
Step 5: Discount the Projected Stock Price
Projected stock price: $15.
Including dividends, total future value: $21.36.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
