Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
889.87M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
44.3%.
Starting with 889.87M and growing at 44.3%
for 5 years, we estimate Free Cash Flow will be
5.57B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 43.23M.
We will project this out 5 year(s) with a growth rate
of -1.3%.
Estimated Diluted Shares Outstanding: 40.49M.
Step 3: Project Future Stock Price
Using a price ratio of 0.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.57B ÷ 40.49M) × 0.07 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.61.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.05.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $12.05.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
