Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
861.91B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.63%.
Starting with 861.91B and growing at 13.63%
for 5 years, we estimate Free Cash Flow will be
1,632.8B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.16B.
We will project this out 5 year(s) with a growth rate
of 0.5%.
Estimated Diluted Shares Outstanding: 3.24B.
Step 3: Project Future Stock Price
Using a price ratio of 0.08, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1,632.8B ÷ 3.24B) × 0.08 =
$40
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-20.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.709796876498448.
Step 5: Discount the Projected Stock Price
Projected stock price: $40.
Including dividends, total future value: $41.71.
Discounted at 10% per
year over 5 years → Fair Value:
$25.
