Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
121.79B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
28.46%.
Starting with 121.79B and growing at 28.46%
for 5 years, we estimate Free Cash Flow will be
426.05B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 510.15M.
We will project this out 5 year(s) with a growth rate
of 12.64%.
Estimated Diluted Shares Outstanding: 925.05M.
Step 3: Project Future Stock Price
Using a price ratio of 0.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(426.05B ÷ 925.05M) × 0.13 =
$59
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.27.
Projected over 5 years with a growth rate of
-14.84%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9034890645477492.
Step 5: Discount the Projected Stock Price
Projected stock price: $59.
Including dividends, total future value: $59.9.
Discounted at 10% per
year over 5 years → Fair Value:
$37.
