Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
334.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.91%.
Starting with 334.11M and growing at 16.91%
for 5 years, we estimate Free Cash Flow will be
729.71M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 87.31M.
We will project this out 5 year(s) with a growth rate
of 9.19%.
Estimated Diluted Shares Outstanding: 135.51M.
Step 3: Project Future Stock Price
Using a price ratio of 0.48, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(729.71M ÷ 135.51M) × 0.48 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.37.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.85.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $3.85.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
