Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
4.93B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.59%.
Starting with 4.93B and growing at 16.59%
for 5 years, we estimate Free Cash Flow will be
10.62B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.15B.
We will project this out 5 year(s) with a growth rate
of 0.6%.
Estimated Diluted Shares Outstanding: 10.46B.
Step 3: Project Future Stock Price
Using a price ratio of 4.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.62B ÷ 10.46B) × 4.24 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.76.
Projected over 5 years with a growth rate of
7.09%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.509785573898034.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $8.51.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
