Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.65B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 13.65B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
13.65B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.25B.
We will project this out 5 year(s) with a growth rate
of 7.33%.
Estimated Diluted Shares Outstanding: 3.2B.
Step 3: Project Future Stock Price
Using a price ratio of 1.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(13.65B ÷ 3.2B) × 1.5 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.62.
Projected over 5 years with a growth rate of
11.15%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.0377122125296445.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $10.04.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
