Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.02B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 1.02B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
1.02B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 403.13M.
We will project this out 5 year(s) with a growth rate
of -2.4%.
Estimated Diluted Shares Outstanding: 357.02M.
Step 3: Project Future Stock Price
Using a price ratio of 44.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.02B ÷ 357.02M) × 44.42 =
$126
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.48.
Projected over 5 years with a growth rate of
83.60%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.962079159362178.
Step 5: Discount the Projected Stock Price
Projected stock price: $126.
Including dividends, total future value: $136.96.
Discounted at 10% per
year over 5 years → Fair Value:
$85.
