Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
19.53%.
Starting with 3M and growing at 19.53%
for 5 years, we estimate Free Cash Flow will be
7.32M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 375.34M.
We will project this out 5 year(s) with a growth rate
of -7.12%.
Estimated Diluted Shares Outstanding: 259.44M.
Step 3: Project Future Stock Price
Using a price ratio of 107.81, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.32M ÷ 259.44M) × 107.81 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.8.
Projected over 5 years with a growth rate of
-2.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.37239137788555.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $11.37.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
