Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
252.35B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 252.35B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
252.35B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.84B.
We will project this out 5 year(s) with a growth rate
of 23.91%.
Estimated Diluted Shares Outstanding: 5.39B.
Step 3: Project Future Stock Price
Using a price ratio of 0.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(252.35B ÷ 5.39B) × 0.19 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.62.
Projected over 5 years with a growth rate of
-9.50%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.415367074521626.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $10.42.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
