Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
4.12B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 4.12B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
4.12B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.44B.
We will project this out 5 year(s) with a growth rate
of -0.08%.
Estimated Diluted Shares Outstanding: 1.43B.
Step 3: Project Future Stock Price
Using a price ratio of 38.9, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.12B ÷ 1.43B) × 38.9 =
$112
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.75.
Projected over 5 years with a growth rate of
64.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.991332792103261.
Step 5: Discount the Projected Stock Price
Projected stock price: $112.
Including dividends, total future value: $124.99.
Discounted at 10% per
year over 5 years → Fair Value:
$77.
