Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
333M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.87%.
Starting with 333M and growing at -16.87%
for 5 years, we estimate Free Cash Flow will be
132.2M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 513.62M.
We will project this out 5 year(s) with a growth rate
of -0.35%.
Estimated Diluted Shares Outstanding: 504.7M.
Step 3: Project Future Stock Price
Using a price ratio of 31.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(132.2M ÷ 504.7M) × 31.16 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.97.
Projected over 5 years with a growth rate of
-11.79%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.5443474899783554.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $11.54.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
