Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
128.3M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.21%.
Starting with 128.3M and growing at -3.21%
for 5 years, we estimate Free Cash Flow will be
108.99M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 81.25M.
We will project this out 5 year(s) with a growth rate
of -1.63%.
Estimated Diluted Shares Outstanding: 74.84M.
Step 3: Project Future Stock Price
Using a price ratio of 5.89, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(108.99M ÷ 74.84M) × 5.89 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $10.5.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
