Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
756.07M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.82%.
Starting with 756.07M and growing at -5.82%
for 5 years, we estimate Free Cash Flow will be
560.22M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 453.96M.
We will project this out 5 year(s) with a growth rate
of 0.32%.
Estimated Diluted Shares Outstanding: 461.27M.
Step 3: Project Future Stock Price
Using a price ratio of 6.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(560.22M ÷ 461.27M) × 6.85 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.81.
Projected over 5 years with a growth rate of
3.34%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.396693245628914.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $12.4.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
