Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
141.55M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
2.03%.
Starting with 141.55M and growing at 2.03%
for 5 years, we estimate Free Cash Flow will be
156.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 155.02M.
We will project this out 5 year(s) with a growth rate
of 0.25%.
Estimated Diluted Shares Outstanding: 156.96M.
Step 3: Project Future Stock Price
Using a price ratio of 4.23, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(156.51M ÷ 156.96M) × 4.23 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
-28.41%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.7805548222774505.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.78.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
