Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
473.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.24%.
Starting with 473.04M and growing at -4.24%
for 5 years, we estimate Free Cash Flow will be
380.91M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 511.66M.
We will project this out 5 year(s) with a growth rate
of 33.01%.
Estimated Diluted Shares Outstanding: 2.13B.
Step 3: Project Future Stock Price
Using a price ratio of 14.67, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(380.91M ÷ 2.13B) × 14.67 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.33.
Projected over 5 years with a growth rate of
3.51%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7986212315787402.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $3.8.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
