Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
227.83B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
3.23%.
Starting with 227.83B and growing at 3.23%
for 5 years, we estimate Free Cash Flow will be
267.08B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.81B.
We will project this out 5 year(s) with a growth rate
of 1.36%.
Estimated Diluted Shares Outstanding: 1.94B.
Step 3: Project Future Stock Price
Using a price ratio of 0.09, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(267.08B ÷ 1.94B) × 0.09 =
$12
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.18.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.8999999999999999.
Step 5: Discount the Projected Stock Price
Projected stock price: $12.
Including dividends, total future value: $12.9.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
