Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.29B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.36%.
Starting with 7.29B and growing at 10.36%
for 5 years, we estimate Free Cash Flow will be
11.94B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 233.99M.
We will project this out 5 year(s) with a growth rate
of -5.55%.
Estimated Diluted Shares Outstanding: 175.88M.
Step 3: Project Future Stock Price
Using a price ratio of 0.03, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(11.94B ÷ 175.88M) × 0.03 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.48.
Projected over 5 years with a growth rate of
22.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$29.147789686219184.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $31.15.
Discounted at 10% per
year over 5 years → Fair Value:
$19.
