Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.79B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
5.45%.
Starting with 7.79B and growing at 5.45%
for 5 years, we estimate Free Cash Flow will be
10.16B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 265.2M.
We will project this out 5 year(s) with a growth rate
of -0.01%.
Estimated Diluted Shares Outstanding: 265.06M.
Step 3: Project Future Stock Price
Using a price ratio of -1.39, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.16B ÷ 265.06M) × -1.39 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.77.
Projected over 5 years with a growth rate of
149.53%, dividends add to total shareholder return.
Expected dividends in 5 years:
$185.40364627959875.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $131.4.
Discounted at 10% per
year over 5 years → Fair Value:
$81.
