Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
25.06M
as of May 2, 2025.
We will project this out 5 years with a yearly growth
rate of
-28.98%.
Starting with 25.06M and growing at -28.98%
for 5 years, we estimate Free Cash Flow will be
4.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.27M.
We will project this out 5 year(s) with a growth rate
of -1.52%.
Estimated Diluted Shares Outstanding: 20.63M.
Step 3: Project Future Stock Price
Using a price ratio of 21.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.53M ÷ 20.63M) × 21.83 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-22.01%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.357200802060566.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $7.36.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
