Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3.69B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.94%.
Starting with 3.69B and growing at 8.94%
for 5 years, we estimate Free Cash Flow will be
5.67B.
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 6.38, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.67B ÷ 10.46B) × 6.38 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.75.
Projected over 5 years with a growth rate of
7.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.451485312810833.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $7.45.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
