Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
515.99M
as of Aug 31, 2025.
We will project this out 5 years with a yearly growth
rate of
6%.
Starting with 515.99M and growing at 6%
for 5 years, we estimate Free Cash Flow will be
690.51M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 128.22M.
We will project this out 5 year(s) with a growth rate
of -0.27%.
Estimated Diluted Shares Outstanding: 126.5M.
Step 3: Project Future Stock Price
Using a price ratio of 0.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(690.51M ÷ 126.5M) × 0.19 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.5.
Projected over 5 years with a growth rate of
0.94%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.795824178167209.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $13.8.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
