Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
8.99B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-16.87%.
Starting with 8.99B and growing at -16.87%
for 5 years, we estimate Free Cash Flow will be
3.57B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.78B.
We will project this out 5 year(s) with a growth rate
of 5.14%.
Estimated Diluted Shares Outstanding: 2.28B.
Step 3: Project Future Stock Price
Using a price ratio of 3.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.57B ÷ 2.28B) × 3.07 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.37.
Projected over 5 years with a growth rate of
-22.95%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9640583844102065.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.96.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
