Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
9.29B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
13.94%.
Starting with 9.29B and growing at 13.94%
for 5 years, we estimate Free Cash Flow will be
17.83B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 30M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 30M.
Step 3: Project Future Stock Price
Using a price ratio of 0.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(17.83B ÷ 30M) × 0.44 =
$261
Step 4: Project Future Dividends Paid
Forward dividend per share: $50.3.
Projected over 5 years with a growth rate of
45.72%, dividends add to total shareholder return.
Expected dividends in 5 years:
$644.66767723103.
Step 5: Discount the Projected Stock Price
Projected stock price: $261.
Including dividends, total future value: $905.67.
Discounted at 10% per
year over 5 years → Fair Value:
$562.
