Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.84B
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
73.92%.
Starting with 1.84B and growing at 73.92%
for 5 years, we estimate Free Cash Flow will be
29.36B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 305.19M.
We will project this out 5 year(s) with a growth rate
of 4.38%.
Estimated Diluted Shares Outstanding: 378.14M.
Step 3: Project Future Stock Price
Using a price ratio of 32.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(29.36B ÷ 378.14M) × 32.43 =
$2517
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $2517.
Including dividends, total future value: $2517.
Discounted at 10% per
year over 5 years → Fair Value:
$1562.
