Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.3B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
4.59%.
Starting with 1.3B and growing at 4.59%
for 5 years, we estimate Free Cash Flow will be
1.63B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 658.39M.
We will project this out 5 year(s) with a growth rate
of 1.23%.
Estimated Diluted Shares Outstanding: 699.89M.
Step 3: Project Future Stock Price
Using a price ratio of 3.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.63B ÷ 699.89M) × 3.72 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.7.
Projected over 5 years with a growth rate of
-0.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.426098468210275.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $11.43.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
