Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
12.21B
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
5.99%.
Starting with 12.21B and growing at 5.99%
for 5 years, we estimate Free Cash Flow will be
16.34B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 169.94M.
We will project this out 5 year(s) with a growth rate
of 0.06%.
Estimated Diluted Shares Outstanding: 170.45M.
Step 3: Project Future Stock Price
Using a price ratio of 0, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(16.34B ÷ 170.45M) × 0 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.53.
Projected over 5 years with a growth rate of
22.91%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.812370293784452.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $12.81.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
