Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.15B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 1.15B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
1.15B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 582.34M.
We will project this out 5 year(s) with a growth rate
of 11.1%.
Estimated Diluted Shares Outstanding: 985.71M.
Step 3: Project Future Stock Price
Using a price ratio of 10.81, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.15B ÷ 985.71M) × 10.81 =
$12
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.54.
Projected over 5 years with a growth rate of
12.66%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.637375451254579.
Step 5: Discount the Projected Stock Price
Projected stock price: $12.
Including dividends, total future value: $15.64.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
