Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
984.3M
as of Aug 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 984.3M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
984.3M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 48.5M.
We will project this out 5 year(s) with a growth rate
of 0.17%.
Estimated Diluted Shares Outstanding: 48.91M.
Step 3: Project Future Stock Price
Using a price ratio of -2.89, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(984.3M ÷ 48.91M) × -2.89 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $9.09.
Projected over 5 years with a growth rate of
60.88%, dividends add to total shareholder return.
Expected dividends in 5 years:
$149.20694266797818.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $90.21.
Discounted at 10% per
year over 5 years → Fair Value:
$56.
