Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.17B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.82%.
Starting with 1.17B and growing at -3.82%
for 5 years, we estimate Free Cash Flow will be
962.96M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.3B.
We will project this out 5 year(s) with a growth rate
of -0.11%.
Estimated Diluted Shares Outstanding: 2.29B.
Step 3: Project Future Stock Price
Using a price ratio of 18.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(962.96M ÷ 2.29B) × 18.06 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.64.
Projected over 5 years with a growth rate of
-3.73%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.9098956001715925.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $9.91.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
