Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
5.68B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
23.9%.
Starting with 5.68B and growing at 23.9%
for 5 years, we estimate Free Cash Flow will be
16.57B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.94B.
We will project this out 5 year(s) with a growth rate
of 0.07%.
Estimated Diluted Shares Outstanding: 3.95B.
Step 3: Project Future Stock Price
Using a price ratio of 0.36, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(16.57B ÷ 3.95B) × 0.36 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.09.
Projected over 5 years with a growth rate of
41.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.064593801599256.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $2.06.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
