Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
377.06M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.93%.
Starting with 377.06M and growing at 15.93%
for 5 years, we estimate Free Cash Flow will be
789.57M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 559.72M.
We will project this out 5 year(s) with a growth rate
of 8.78%.
Estimated Diluted Shares Outstanding: 852.54M.
Step 3: Project Future Stock Price
Using a price ratio of 6.12, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(789.57M ÷ 852.54M) × 6.12 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.44.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.9053188973548791.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $6.91.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
