Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
577.03M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.55%.
Starting with 577.03M and growing at -2.55%
for 5 years, we estimate Free Cash Flow will be
507.12M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 83.46M.
We will project this out 5 year(s) with a growth rate
of -2.75%.
Estimated Diluted Shares Outstanding: 72.6M.
Step 3: Project Future Stock Price
Using a price ratio of -0.23, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(507.12M ÷ 72.6M) × -0.23 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.34.
Projected over 5 years with a growth rate of
3.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.34590091639684.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $5.35.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
