Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.17B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.01%.
Starting with 2.17B and growing at 9.01%
for 5 years, we estimate Free Cash Flow will be
3.34B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.77M.
We will project this out 5 year(s) with a growth rate
of -3.12%.
Estimated Diluted Shares Outstanding: 4.92M.
Step 3: Project Future Stock Price
Using a price ratio of 88.51, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.34B ÷ 4.92M) × 88.51 =
$59975
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-4.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.6612234330034155.
Step 5: Discount the Projected Stock Price
Projected stock price: $59975.
Including dividends, total future value: $59977.66.
Discounted at 10% per
year over 5 years → Fair Value:
$37241.
