Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
5.04B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
-35.35%.
Starting with 5.04B and growing at -35.35%
for 5 years, we estimate Free Cash Flow will be
569.76M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.65B.
We will project this out 5 year(s) with a growth rate
of 0.25%.
Estimated Diluted Shares Outstanding: 1.67B.
Step 3: Project Future Stock Price
Using a price ratio of 15.39, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(569.76M ÷ 1.67B) × 15.39 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.
Projected over 5 years with a growth rate of
0.26%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.06512680490716.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $15.07.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
