Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
376.72B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.73%.
Starting with 376.72B and growing at 9.73%
for 5 years, we estimate Free Cash Flow will be
599.3B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.5B.
We will project this out 5 year(s) with a growth rate
of 27.06%.
Estimated Diluted Shares Outstanding: 4.98B.
Step 3: Project Future Stock Price
Using a price ratio of 0.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(599.3B ÷ 4.98B) × 0.05 =
$6
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.53.
Projected over 5 years with a growth rate of
1.27%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.734940603321974.
Step 5: Discount the Projected Stock Price
Projected stock price: $6.
Including dividends, total future value: $8.73.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
