Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.46B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 6.46B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
6.46B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.13B.
We will project this out 5 year(s) with a growth rate
of -0.17%.
Estimated Diluted Shares Outstanding: 1.12B.
Step 3: Project Future Stock Price
Using a price ratio of 6.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(6.46B ÷ 1.12B) × 6.27 =
$36
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7999999999999998.
Step 5: Discount the Projected Stock Price
Projected stock price: $36.
Including dividends, total future value: $37.8.
Discounted at 10% per
year over 5 years → Fair Value:
$23.
