Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
11.56B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
45.64%.
Starting with 11.56B and growing at 45.64%
for 5 years, we estimate Free Cash Flow will be
75.78B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 18.7B.
We will project this out 5 year(s) with a growth rate
of 0.18%.
Estimated Diluted Shares Outstanding: 18.87B.
Step 3: Project Future Stock Price
Using a price ratio of 0.57, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(75.78B ÷ 18.87B) × 0.57 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.05.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.25.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $2.25.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
