Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
3.2B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
45.95%.
Starting with 3.2B and growing at 45.95%
for 5 years, we estimate Free Cash Flow will be
21.18B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.61B.
We will project this out 5 year(s) with a growth rate
of 18.86%.
Estimated Diluted Shares Outstanding: 10.94B.
Step 3: Project Future Stock Price
Using a price ratio of 2.33, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21.18B ÷ 10.94B) × 2.33 =
$4
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.1.
Projected over 5 years with a growth rate of
-12.25%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.3606515617503192.
Step 5: Discount the Projected Stock Price
Projected stock price: $4.
Including dividends, total future value: $4.36.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
