Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
99.81B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 99.81B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
99.81B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 687.42M.
We will project this out 5 year(s) with a growth rate
of -0.15%.
Estimated Diluted Shares Outstanding: 682.28M.
Step 3: Project Future Stock Price
Using a price ratio of 0.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(99.81B ÷ 682.28M) × 0.13 =
$19
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.35.
Projected over 5 years with a growth rate of
-14.96%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.1670680436210366.
Step 5: Discount the Projected Stock Price
Projected stock price: $19.
Including dividends, total future value: $20.17.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
