Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-93.69B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -93.69B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-93.69B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.84B.
We will project this out 5 year(s) with a growth rate
of -3.44%.
Estimated Diluted Shares Outstanding: 1.55B.
Step 3: Project Future Stock Price
Using a price ratio of -1, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-93.69B ÷ 1.55B) × -1 =
$60
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.84.
Projected over 5 years with a growth rate of
-3.35%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.040462371054417.
Step 5: Discount the Projected Stock Price
Projected stock price: $60.
Including dividends, total future value: $73.04.
Discounted at 10% per
year over 5 years → Fair Value:
$45.
