Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
32.84B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-31.73%.
Starting with 32.84B and growing at -31.73%
for 5 years, we estimate Free Cash Flow will be
4.87B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.49B.
We will project this out 5 year(s) with a growth rate
of -0.84%.
Estimated Diluted Shares Outstanding: 2.39B.
Step 3: Project Future Stock Price
Using a price ratio of 0.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.87B ÷ 2.39B) × 0.5 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.95.
Projected over 5 years with a growth rate of
28.77%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.937794167195413.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $9.94.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
