Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
254.78B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
33.1%.
Starting with 254.78B and growing at 33.1%
for 5 years, we estimate Free Cash Flow will be
1,064.3B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.72B.
We will project this out 5 year(s) with a growth rate
of -0.53%.
Estimated Diluted Shares Outstanding: 3.63B.
Step 3: Project Future Stock Price
Using a price ratio of 0.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1,064.3B ÷ 3.63B) × 0.27 =
$79
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.12.
Projected over 5 years with a growth rate of
-8.47%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.4809056796808784.
Step 5: Discount the Projected Stock Price
Projected stock price: $79.
Including dividends, total future value: $79.48.
Discounted at 10% per
year over 5 years → Fair Value:
$49.
