Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.58M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.88%.
Starting with 13.58M and growing at -4.88%
for 5 years, we estimate Free Cash Flow will be
10.57M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 20.49M.
We will project this out 5 year(s) with a growth rate
of -4.39%.
Estimated Diluted Shares Outstanding: 16.37M.
Step 3: Project Future Stock Price
Using a price ratio of 10.57, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.57M ÷ 16.37M) × 10.57 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.35.
Projected over 5 years with a growth rate of
0.98%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7931906453356965.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $7.79.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
