Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
155.43B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
14.88%.
Starting with 155.43B and growing at 14.88%
for 5 years, we estimate Free Cash Flow will be
310.99B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.46B.
We will project this out 5 year(s) with a growth rate
of -2.17%.
Estimated Diluted Shares Outstanding: 9.37B.
Step 3: Project Future Stock Price
Using a price ratio of 0.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(310.99B ÷ 9.37B) × 0.16 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.13.
Projected over 5 years with a growth rate of
78.23%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.7565468263839117.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $7.76.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
