Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
333.04M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.35%.
Starting with 333.04M and growing at 7.35%
for 5 years, we estimate Free Cash Flow will be
474.79M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 385.17M.
We will project this out 5 year(s) with a growth rate
of 14.36%.
Estimated Diluted Shares Outstanding: 753.39M.
Step 3: Project Future Stock Price
Using a price ratio of 2.11, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(474.79M ÷ 753.39M) × 2.11 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.4.
Projected over 5 years with a growth rate of
19.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.0986604217739298.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $4.1.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
