Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
337.54M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
28.35%.
Starting with 337.54M and growing at 28.35%
for 5 years, we estimate Free Cash Flow will be
1.18B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 198.14M.
We will project this out 5 year(s) with a growth rate
of 18.65%.
Estimated Diluted Shares Outstanding: 465.92M.
Step 3: Project Future Stock Price
Using a price ratio of 2.95, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.18B ÷ 465.92M) × 2.95 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.48.
Projected over 5 years with a growth rate of
-0.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.260200403901418.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $14.26.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
