Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
201.39M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.56%.
Starting with 201.39M and growing at 14.56%
for 5 years, we estimate Free Cash Flow will be
397.38M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 220.97M.
We will project this out 5 year(s) with a growth rate
of 21.69%.
Estimated Diluted Shares Outstanding: 589.66M.
Step 3: Project Future Stock Price
Using a price ratio of 10.53, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(397.38M ÷ 589.66M) × 10.53 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.21.
Projected over 5 years with a growth rate of
-17.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.7197930532357875.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $10.72.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
