Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.01B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.96%.
Starting with 1.01B and growing at 7.96%
for 5 years, we estimate Free Cash Flow will be
1.48B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.68B.
We will project this out 5 year(s) with a growth rate
of 1.14%.
Estimated Diluted Shares Outstanding: 2.84B.
Step 3: Project Future Stock Price
Using a price ratio of 35.41, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.48B ÷ 2.84B) × 35.41 =
$18
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.15.
Projected over 5 years with a growth rate of
8.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9114354823968283.
Step 5: Discount the Projected Stock Price
Projected stock price: $18.
Including dividends, total future value: $18.91.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
