Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.73M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-31.49%.
Starting with 50.73M and growing at -31.49%
for 5 years, we estimate Free Cash Flow will be
7.66M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 95.78M.
We will project this out 5 year(s) with a growth rate
of -1.96%.
Estimated Diluted Shares Outstanding: 86.75M.
Step 3: Project Future Stock Price
Using a price ratio of 24.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.66M ÷ 86.75M) × 24.73 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.66.
Projected over 5 years with a growth rate of
-14.83%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.209177228434413.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $4.21.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
