Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.63B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 1.63B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
1.63B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 357.79M.
We will project this out 5 year(s) with a growth rate
of -1.31%.
Estimated Diluted Shares Outstanding: 334.96M.
Step 3: Project Future Stock Price
Using a price ratio of 7.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.63B ÷ 334.96M) × 7.17 =
$34
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
25.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.964215330027569.
Step 5: Discount the Projected Stock Price
Projected stock price: $34.
Including dividends, total future value: $44.96.
Discounted at 10% per
year over 5 years → Fair Value:
$27.
