Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1,015.5B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.7%.
Starting with -1,015.5B and growing at -16.7%
for 5 years, we estimate Free Cash Flow will be
-407.28B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 369.81M.
We will project this out 5 year(s) with a growth rate
of -0.55%.
Estimated Diluted Shares Outstanding: 359.75M.
Step 3: Project Future Stock Price
Using a price ratio of 0, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-407.28B ÷ 359.75M) × 0 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.45.
Projected over 5 years with a growth rate of
3.66%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.40182985429276.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $13.4.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
