Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
807M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
6.54%.
Starting with 807M and growing at 6.54%
for 5 years, we estimate Free Cash Flow will be
1.11B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 687.54M.
We will project this out 5 year(s) with a growth rate
of -0.7%.
Estimated Diluted Shares Outstanding: 663.81M.
Step 3: Project Future Stock Price
Using a price ratio of 4.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.11B ÷ 663.81M) × 4.84 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.1.
Projected over 5 years with a growth rate of
-5.64%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.7569930841202.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $12.76.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
