Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.07B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.95%.
Starting with 1.07B and growing at 15.95%
for 5 years, we estimate Free Cash Flow will be
2.24B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.02B.
We will project this out 5 year(s) with a growth rate
of 0.23%.
Estimated Diluted Shares Outstanding: 2.04B.
Step 3: Project Future Stock Price
Using a price ratio of 9.88, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.24B ÷ 2.04B) × 9.88 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
30.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.435109658699018.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $12.44.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
