Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
96B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
22.49%.
Starting with 96B and growing at 22.49%
for 5 years, we estimate Free Cash Flow will be
264.73B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.18B.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 55.18B.
Step 3: Project Future Stock Price
Using a price ratio of 0.84, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(264.73B ÷ 55.18B) × 0.84 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.05.
Projected over 5 years with a growth rate of
-5.44%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.2173745357661944.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.22.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
