Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.98M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
-23.19%.
Starting with 8.98M and growing at -23.19%
for 5 years, we estimate Free Cash Flow will be
2.4M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.36M.
We will project this out 5 year(s) with a growth rate
of 28.62%.
Estimated Diluted Shares Outstanding: 4.78M.
Step 3: Project Future Stock Price
Using a price ratio of 41.69, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.4M ÷ 4.78M) × 41.69 =
$20
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: $20.
Including dividends, total future value: $20.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
