Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
458M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-40.77%.
Starting with 458M and growing at -40.77%
for 5 years, we estimate Free Cash Flow will be
33.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 343.45M.
We will project this out 5 year(s) with a growth rate
of 7.74%.
Estimated Diluted Shares Outstanding: 498.6M.
Step 3: Project Future Stock Price
Using a price ratio of 77.83, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(33.39M ÷ 498.6M) × 77.83 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.15.
Projected over 5 years with a growth rate of
0.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$16.118745612167633.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $21.12.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
