Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.57B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
19.49%.
Starting with 1.57B and growing at 19.49%
for 5 years, we estimate Free Cash Flow will be
3.82B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 691.51M.
We will project this out 5 year(s) with a growth rate
of -2.2%.
Estimated Diluted Shares Outstanding: 618.72M.
Step 3: Project Future Stock Price
Using a price ratio of 0.69, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.82B ÷ 618.72M) × 0.69 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.14.
Projected over 5 years with a growth rate of
16.02%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.264317782922715.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $12.26.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
