Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3.31B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.98%.
Starting with 3.31B and growing at 13.98%
for 5 years, we estimate Free Cash Flow will be
6.37B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.48B.
We will project this out 5 year(s) with a growth rate
of 1.05%.
Estimated Diluted Shares Outstanding: 1.56B.
Step 3: Project Future Stock Price
Using a price ratio of 60.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(6.37B ÷ 1.56B) × 60.19 =
$245
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $245.
Including dividends, total future value: $245.
Discounted at 10% per
year over 5 years → Fair Value:
$152.
