Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3,066.5B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
40.05%.
Starting with 3,066.5B and growing at 40.05%
for 5 years, we estimate Free Cash Flow will be
16,521.8B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 383.75M.
We will project this out 5 year(s) with a growth rate
of -0.25%.
Estimated Diluted Shares Outstanding: 378.98M.
Step 3: Project Future Stock Price
Using a price ratio of 0, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(16,521.8B ÷ 378.98M) × 0 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.33.
Projected over 5 years with a growth rate of
0.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.688303484964783.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $6.69.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
