Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
365.8M
as of Jun 1, 2025.
We will project this out 5 years with a yearly growth
rate of
23.15%.
Starting with 365.8M and growing at 23.15%
for 5 years, we estimate Free Cash Flow will be
1.04B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 395.65M.
We will project this out 5 year(s) with a growth rate
of -0.3%.
Estimated Diluted Shares Outstanding: 389.75M.
Step 3: Project Future Stock Price
Using a price ratio of 3.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.04B ÷ 389.75M) × 3.58 =
$9
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.66.
Projected over 5 years with a growth rate of
20.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.2174927865450655.
Step 5: Discount the Projected Stock Price
Projected stock price: $9.
Including dividends, total future value: $14.22.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
