Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
767M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
2.06%.
Starting with 767M and growing at 2.06%
for 5 years, we estimate Free Cash Flow will be
849.32M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.08B.
We will project this out 5 year(s) with a growth rate
of -3.9%.
Estimated Diluted Shares Outstanding: 887.63M.
Step 3: Project Future Stock Price
Using a price ratio of 4.48, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(849.32M ÷ 887.63M) × 4.48 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.29.
Projected over 5 years with a growth rate of
61.19%, dividends add to total shareholder return.
Expected dividends in 5 years:
$54.26391709115444.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $58.26.
Discounted at 10% per
year over 5 years → Fair Value:
$36.
