Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
17.03B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.46%.
Starting with 17.03B and growing at -5.46%
for 5 years, we estimate Free Cash Flow will be
12.86B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 809.83M.
We will project this out 5 year(s) with a growth rate
of -1.58%.
Estimated Diluted Shares Outstanding: 747.84M.
Step 3: Project Future Stock Price
Using a price ratio of 0.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(12.86B ÷ 747.84M) × 0.24 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.52.
Projected over 5 years with a growth rate of
-17.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.6044208817213144.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $5.6.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
