Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
18.32M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.63%.
Starting with 18.32M and growing at 4.63%
for 5 years, we estimate Free Cash Flow will be
22.97M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 218.63M.
We will project this out 5 year(s) with a growth rate
of 3.45%.
Estimated Diluted Shares Outstanding: 259.03M.
Step 3: Project Future Stock Price
Using a price ratio of 22.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(22.97M ÷ 259.03M) × 22.21 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.04.
Projected over 5 years with a growth rate of
-12.94%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.1414414346330336.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $1.14.
Discounted at 10% per
year over 5 years → Fair Value:
n/a.
