Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
235M
as of Sep 30, 2024.
We will project this out 5 years with a yearly growth
rate of
-27.72%.
Starting with 235M and growing at -27.72%
for 5 years, we estimate Free Cash Flow will be
46.36M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 237.07M.
We will project this out 5 year(s) with a growth rate
of 0.58%.
Estimated Diluted Shares Outstanding: 244.02M.
Step 3: Project Future Stock Price
Using a price ratio of 3, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(46.36M ÷ 244.02M) × 3 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.71.
Projected over 5 years with a growth rate of
-13.51%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.948135557515.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $5.95.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
