Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.96B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-19.52%.
Starting with 1.96B and growing at -19.52%
for 5 years, we estimate Free Cash Flow will be
660.74M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.27B.
We will project this out 5 year(s) with a growth rate
of -3.6%.
Estimated Diluted Shares Outstanding: 3.55B.
Step 3: Project Future Stock Price
Using a price ratio of 10.2, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(660.74M ÷ 3.55B) × 10.2 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.8.
Projected over 5 years with a growth rate of
9.35%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.001577006255111.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $6.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
