Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
363.99M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.16%.
Starting with 363.99M and growing at 1.16%
for 5 years, we estimate Free Cash Flow will be
385.6M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 236.99M.
We will project this out 5 year(s) with a growth rate
of 1.5%.
Estimated Diluted Shares Outstanding: 255.31M.
Step 3: Project Future Stock Price
Using a price ratio of 4.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(385.6M ÷ 255.31M) × 4.16 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.09.
Projected over 5 years with a growth rate of
19.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.44384964933396.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $14.44.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
