Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
342.23M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 342.23M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
342.23M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 192.3M.
We will project this out 5 year(s) with a growth rate
of 12.08%.
Estimated Diluted Shares Outstanding: 340.11M.
Step 3: Project Future Stock Price
Using a price ratio of 10.7, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(342.23M ÷ 340.11M) × 10.7 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.89.
Projected over 5 years with a growth rate of
-3.49%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.646943028172132.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $18.65.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
