Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
549M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.76%.
Starting with 549M and growing at -3.76%
for 5 years, we estimate Free Cash Flow will be
453.26M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 686.45M.
We will project this out 5 year(s) with a growth rate
of -0.9%.
Estimated Diluted Shares Outstanding: 656.11M.
Step 3: Project Future Stock Price
Using a price ratio of 6.51, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(453.26M ÷ 656.11M) × 6.51 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.15.
Projected over 5 years with a growth rate of
-17.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.5042866452364567.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $7.5.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
