Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
189.28B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
35.12%.
Starting with 189.28B and growing at 35.12%
for 5 years, we estimate Free Cash Flow will be
852.51B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.9B.
We will project this out 5 year(s) with a growth rate
of 37.99%.
Estimated Diluted Shares Outstanding: 9.49B.
Step 3: Project Future Stock Price
Using a price ratio of 0.02, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(852.51B ÷ 9.49B) × 0.02 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.31.
Projected over 5 years with a growth rate of
-1.60%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.4887420120128256.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $2.49.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
