Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
459.4M
as of Sep 30, 2024.
We will project this out 5 years with a yearly growth
rate of
2.99%.
Starting with 459.4M and growing at 2.99%
for 5 years, we estimate Free Cash Flow will be
532.31M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 504.37M.
We will project this out 5 year(s) with a growth rate
of 0.32%.
Estimated Diluted Shares Outstanding: 512.49M.
Step 3: Project Future Stock Price
Using a price ratio of 8.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(532.31M ÷ 512.49M) × 8.85 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.13.
Projected over 5 years with a growth rate of
-20.36%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.36790990907799104.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $9.37.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
