Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.21B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.27%.
Starting with 1.21B and growing at 1.27%
for 5 years, we estimate Free Cash Flow will be
1.29B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.16B.
We will project this out 5 year(s) with a growth rate
of -1.48%.
Estimated Diluted Shares Outstanding: 3.86B.
Step 3: Project Future Stock Price
Using a price ratio of 11.1, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.29B ÷ 3.86B) × 11.1 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
4.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.398412896580129.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $4.4.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
