Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
840.48M
as of Jun 30, 2024.
We will project this out 5 years with a yearly growth
rate of
19.03%.
Starting with 840.48M and growing at 19.03%
for 5 years, we estimate Free Cash Flow will be
2.01B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.56B.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 2.56B.
Step 3: Project Future Stock Price
Using a price ratio of 20.54, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.01B ÷ 2.56B) × 20.54 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.18.
Projected over 5 years with a growth rate of
18.69%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.3812676293640722.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $17.38.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
