Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
226.4M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 226.4M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
226.4M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 97.95M.
We will project this out 5 year(s) with a growth rate
of 5.41%.
Estimated Diluted Shares Outstanding: 127.47M.
Step 3: Project Future Stock Price
Using a price ratio of 0.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(226.4M ÷ 127.47M) × 0.8 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.4.
Projected over 5 years with a growth rate of
70.03%, dividends add to total shareholder return.
Expected dividends in 5 years:
$82.9347553507002.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $83.93.
Discounted at 10% per
year over 5 years → Fair Value:
$52.
