Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
5.06B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 5.06B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
5.06B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.25B.
We will project this out 5 year(s) with a growth rate
of 4.28%.
Estimated Diluted Shares Outstanding: 1.54B.
Step 3: Project Future Stock Price
Using a price ratio of 3.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.06B ÷ 1.54B) × 3.99 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.22.
Projected over 5 years with a growth rate of
15.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.5931505875571814.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $14.59.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
