Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
264.01M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 264.01M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
264.01M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 115.34M.
We will project this out 5 year(s) with a growth rate
of 35.15%.
Estimated Diluted Shares Outstanding: 520.07M.
Step 3: Project Future Stock Price
Using a price ratio of 16.86, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(264.01M ÷ 520.07M) × 16.86 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.12.
Projected over 5 years with a growth rate of
-18.48%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.360197789016661.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $17.36.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
