Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
818.71M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-12.6%.
Starting with 818.71M and growing at -12.6%
for 5 years, we estimate Free Cash Flow will be
417.53M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 187.08M.
We will project this out 5 year(s) with a growth rate
of 2.79%.
Estimated Diluted Shares Outstanding: 214.68M.
Step 3: Project Future Stock Price
Using a price ratio of -23.63, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(417.53M ÷ 214.68M) × -23.63 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.5.
Projected over 5 years with a growth rate of
1.39%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.938913831922202.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: n/a.
Discounted at 10% per
year over 5 years → Fair Value:
n/a.