Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
507.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 507.86M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
507.86M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 238.19M.
We will project this out 5 year(s) with a growth rate
of -0.43%.
Estimated Diluted Shares Outstanding: 233.11M.
Step 3: Project Future Stock Price
Using a price ratio of 7.28, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(507.86M ÷ 233.11M) × 7.28 =
$15
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.43.
Projected over 5 years with a growth rate of
18.98%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.319887532390952.
Step 5: Discount the Projected Stock Price
Projected stock price: $15.
Including dividends, total future value: $18.32.
Discounted at 10% per
year over 5 years → Fair Value:
$11.
