Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.86B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
4.45%.
Starting with 1.86B and growing at 4.45%
for 5 years, we estimate Free Cash Flow will be
2.31B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.17B.
We will project this out 5 year(s) with a growth rate
of 18.23%.
Estimated Diluted Shares Outstanding: 2.69B.
Step 3: Project Future Stock Price
Using a price ratio of 7.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.31B ÷ 2.69B) × 7.19 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
6.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.494236310179838.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $9.49.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
