Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
518M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.51%.
Starting with 518M and growing at -0.51%
for 5 years, we estimate Free Cash Flow will be
504.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 725.97M.
We will project this out 5 year(s) with a growth rate
of 2.61%.
Estimated Diluted Shares Outstanding: 825.79M.
Step 3: Project Future Stock Price
Using a price ratio of -1.96, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(504.93M ÷ 825.79M) × -1.96 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $5.71.
Projected over 5 years with a growth rate of
7.81%, dividends add to total shareholder return.
Expected dividends in 5 years:
$34.45511689568321.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $32.46.
Discounted at 10% per
year over 5 years → Fair Value:
$20.
