Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1,703.1B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-26.66%.
Starting with 1,703.1B and growing at -26.66%
for 5 years, we estimate Free Cash Flow will be
361.35B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 471.12M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 471.12M.
Step 3: Project Future Stock Price
Using a price ratio of 0.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(361.35B ÷ 471.12M) × 0.01 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.33.
Projected over 5 years with a growth rate of
8.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.171395444026803.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $15.17.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
