Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.16B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-23.77%.
Starting with 1.16B and growing at -23.77%
for 5 years, we estimate Free Cash Flow will be
298.33M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 176.44M.
We will project this out 5 year(s) with a growth rate
of -3.7%.
Estimated Diluted Shares Outstanding: 146.12M.
Step 3: Project Future Stock Price
Using a price ratio of 1.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(298.33M ÷ 146.12M) × 1.01 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.82.
Projected over 5 years with a growth rate of
-18.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.488820705125876.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $4.49.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
