Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
503.24B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
27.64%.
Starting with 503.24B and growing at 27.64%
for 5 years, we estimate Free Cash Flow will be
1,704.9B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 87.55M.
We will project this out 5 year(s) with a growth rate
of -0.76%.
Estimated Diluted Shares Outstanding: 84.27M.
Step 3: Project Future Stock Price
Using a price ratio of 0, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1,704.9B ÷ 84.27M) × 0 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.37.
Projected over 5 years with a growth rate of
17.96%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.7958163357192536.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $2.8.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
