Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3.11B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 3.11B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
3.11B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 502.34M.
We will project this out 5 year(s) with a growth rate
of 16.02%.
Estimated Diluted Shares Outstanding: 1.06B.
Step 3: Project Future Stock Price
Using a price ratio of 34.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.11B ÷ 1.06B) × 34.24 =
$100
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
10.99%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.382444434011191.
Step 5: Discount the Projected Stock Price
Projected stock price: $100.
Including dividends, total future value: $110.38.
Discounted at 10% per
year over 5 years → Fair Value:
$68.
