Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.98B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.96%.
Starting with 2.98B and growing at 14.96%
for 5 years, we estimate Free Cash Flow will be
5.97B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.8B.
We will project this out 5 year(s) with a growth rate
of 8.67%.
Estimated Diluted Shares Outstanding: 2.73B.
Step 3: Project Future Stock Price
Using a price ratio of 2.94, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.97B ÷ 2.73B) × 2.94 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.54.
Projected over 5 years with a growth rate of
55.69%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.166116300156036.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $14.17.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
