Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.2B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
3.65%.
Starting with 1.2B and growing at 3.65%
for 5 years, we estimate Free Cash Flow will be
1.43B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 302.22M.
We will project this out 5 year(s) with a growth rate
of 123.37%.
Estimated Diluted Shares Outstanding: 16.81B.
Step 3: Project Future Stock Price
Using a price ratio of 6.77, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.43B ÷ 16.81B) × 6.77 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
-25.83%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.790187408711965.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $3.79.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
