Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.73B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
4.58%.
Starting with 1.73B and growing at 4.58%
for 5 years, we estimate Free Cash Flow will be
2.17B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.01B.
We will project this out 5 year(s) with a growth rate
of 2.07%.
Estimated Diluted Shares Outstanding: 1.12B.
Step 3: Project Future Stock Price
Using a price ratio of 8.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.17B ÷ 1.12B) × 8.52 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.15.
Projected over 5 years with a growth rate of
-21.40%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.410787886546663.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $16.41.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
