Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
541.93M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 541.93M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
541.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 386.85M.
We will project this out 5 year(s) with a growth rate
of 5.79%.
Estimated Diluted Shares Outstanding: 512.58M.
Step 3: Project Future Stock Price
Using a price ratio of 15.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(541.93M ÷ 512.58M) × 15.05 =
$15
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.18.
Projected over 5 years with a growth rate of
33.30%, dividends add to total shareholder return.
Expected dividends in 5 years:
$22.36154834809634.
Step 5: Discount the Projected Stock Price
Projected stock price: $15.
Including dividends, total future value: $37.36.
Discounted at 10% per
year over 5 years → Fair Value:
$23.
