Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.14B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.04%.
Starting with 2.14B and growing at 1.04%
for 5 years, we estimate Free Cash Flow will be
2.25B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.64B.
We will project this out 5 year(s) with a growth rate
of 11.91%.
Estimated Diluted Shares Outstanding: 2.88B.
Step 3: Project Future Stock Price
Using a price ratio of 4.22, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.25B ÷ 2.88B) × 4.22 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.59.
Projected over 5 years with a growth rate of
32.08%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.91445411198283.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $8.91.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
