Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
285M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.86%.
Starting with 285M and growing at 8.86%
for 5 years, we estimate Free Cash Flow will be
435.7M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 597.7M.
We will project this out 5 year(s) with a growth rate
of -0.19%.
Estimated Diluted Shares Outstanding: 592.04M.
Step 3: Project Future Stock Price
Using a price ratio of 2.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(435.7M ÷ 592.04M) × 2.43 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $3.5.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
