Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
338.84M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.57%.
Starting with 338.84M and growing at -3.57%
for 5 years, we estimate Free Cash Flow will be
282.52M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 239.79M.
We will project this out 5 year(s) with a growth rate
of 4.64%.
Estimated Diluted Shares Outstanding: 300.83M.
Step 3: Project Future Stock Price
Using a price ratio of 11.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(282.52M ÷ 300.83M) × 11.27 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.5.
Projected over 5 years with a growth rate of
-7.79%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.123593007305156.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $16.12.
Discounted at 10% per
year over 5 years → Fair Value:
$10.
