Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
628M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-21.67%.
Starting with 628M and growing at -21.67%
for 5 years, we estimate Free Cash Flow will be
185.18M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.02B.
We will project this out 5 year(s) with a growth rate
of 13.35%.
Estimated Diluted Shares Outstanding: 1.91B.
Step 3: Project Future Stock Price
Using a price ratio of 22.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(185.18M ÷ 1.91B) × 22.84 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.24.
Projected over 5 years with a growth rate of
-32.32%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.4522016275642953.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $2.45.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
