Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.51B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-31.76%.
Starting with 1.51B and growing at -31.76%
for 5 years, we estimate Free Cash Flow will be
224.19M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.16B.
We will project this out 5 year(s) with a growth rate
of -5.24%.
Estimated Diluted Shares Outstanding: 883.41M.
Step 3: Project Future Stock Price
Using a price ratio of 21.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(224.19M ÷ 883.41M) × 21.21 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.97.
Projected over 5 years with a growth rate of
1.27%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.00545733060814.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $10.01.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
