Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
547M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.47%.
Starting with 547M and growing at -16.47%
for 5 years, we estimate Free Cash Flow will be
222.43M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.31B.
We will project this out 5 year(s) with a growth rate
of 2.3%.
Estimated Diluted Shares Outstanding: 1.46B.
Step 3: Project Future Stock Price
Using a price ratio of 113.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(222.43M ÷ 1.46B) × 113.73 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.75.
Projected over 5 years with a growth rate of
4.66%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.202261687485736.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $21.2.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
