Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
719M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-13.2%.
Starting with 719M and growing at -13.2%
for 5 years, we estimate Free Cash Flow will be
354.26M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 700.92M.
We will project this out 5 year(s) with a growth rate
of -0.86%.
Estimated Diluted Shares Outstanding: 671.3M.
Step 3: Project Future Stock Price
Using a price ratio of 13.53, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(354.26M ÷ 671.3M) × 13.53 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.24.
Projected over 5 years with a growth rate of
-12.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.11316316742251.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $15.11.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
