Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.96B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-1%.
Starting with 6.96B and growing at -1%
for 5 years, we estimate Free Cash Flow will be
6.62B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.39B.
We will project this out 5 year(s) with a growth rate
of 0.17%.
Estimated Diluted Shares Outstanding: 1.4B.
Step 3: Project Future Stock Price
Using a price ratio of 1.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(6.62B ÷ 1.4B) × 1.27 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.49.
Projected over 5 years with a growth rate of
-7.77%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.0014585758935253.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $8.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
