Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
32.81B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.99%.
Starting with 32.81B and growing at 0.99%
for 5 years, we estimate Free Cash Flow will be
34.47B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.43B.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 17.43B.
Step 3: Project Future Stock Price
Using a price ratio of 1.37, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(34.47B ÷ 17.43B) × 1.37 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.09.
Projected over 5 years with a growth rate of
0.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.46042152437741785.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $2.46.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
