Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
572.5M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 572.5M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
572.5M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 642.08M.
We will project this out 5 year(s) with a growth rate
of 7.82%.
Estimated Diluted Shares Outstanding: 935.58M.
Step 3: Project Future Stock Price
Using a price ratio of 5.59, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(572.5M ÷ 935.58M) × 5.59 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.4.
Projected over 5 years with a growth rate of
-10.42%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.911496048099895.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $15.91.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
