Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
437.96M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.66%.
Starting with 437.96M and growing at 12.66%
for 5 years, we estimate Free Cash Flow will be
794.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.29B.
We will project this out 5 year(s) with a growth rate
of 0.12%.
Estimated Diluted Shares Outstanding: 1.3B.
Step 3: Project Future Stock Price
Using a price ratio of 18.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(794.84M ÷ 1.3B) × 18.01 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.23.
Projected over 5 years with a growth rate of
6.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.3422944833984818.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $12.34.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
