Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.58B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.94%.
Starting with 1.58B and growing at -7.94%
for 5 years, we estimate Free Cash Flow will be
1.04B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.13B.
We will project this out 5 year(s) with a growth rate
of -0.03%.
Estimated Diluted Shares Outstanding: 2.13B.
Step 3: Project Future Stock Price
Using a price ratio of 14.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.04B ÷ 2.13B) × 14.05 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.44.
Projected over 5 years with a growth rate of
0.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.2055041256874137.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $8.21.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
