Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
313.93M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.41%.
Starting with 313.93M and growing at -4.41%
for 5 years, we estimate Free Cash Flow will be
250.55M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 252.75M.
We will project this out 5 year(s) with a growth rate
of 12.06%.
Estimated Diluted Shares Outstanding: 446.63M.
Step 3: Project Future Stock Price
Using a price ratio of 11.94, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(250.55M ÷ 446.63M) × 11.94 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.68.
Projected over 5 years with a growth rate of
-15.01%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.264115042620402.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $8.26.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
