Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
519.66M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.36%.
Starting with 519.66M and growing at 16.36%
for 5 years, we estimate Free Cash Flow will be
1.11B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 768.32M.
We will project this out 5 year(s) with a growth rate
of 7.51%.
Estimated Diluted Shares Outstanding: 1.1B.
Step 3: Project Future Stock Price
Using a price ratio of 6.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.11B ÷ 1.1B) × 6.27 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.08.
Projected over 5 years with a growth rate of
-28.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.1750967251457221.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $6.18.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
