Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
400.75M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.82%.
Starting with 400.75M and growing at -1.82%
for 5 years, we estimate Free Cash Flow will be
365.59M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 282.38M.
We will project this out 5 year(s) with a growth rate
of 0.31%.
Estimated Diluted Shares Outstanding: 286.79M.
Step 3: Project Future Stock Price
Using a price ratio of 10.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(365.59M ÷ 286.79M) × 10.58 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.05.
Projected over 5 years with a growth rate of
5.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.010460637117608.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $19.01.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
