Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.39B
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
6.74%.
Starting with 1.39B and growing at 6.74%
for 5 years, we estimate Free Cash Flow will be
1.93B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 691.51M.
We will project this out 5 year(s) with a growth rate
of -2.64%.
Estimated Diluted Shares Outstanding: 604.93M.
Step 3: Project Future Stock Price
Using a price ratio of 0.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.93B ÷ 604.93M) × 0.8 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.14.
Projected over 5 years with a growth rate of
16.02%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.264317782922715.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $10.26.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
