Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.81B
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
95%.
Starting with 2.81B and growing at 95%
for 5 years, we estimate Free Cash Flow will be
79.12B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.3B.
We will project this out 5 year(s) with a growth rate
of 15.1%.
Estimated Diluted Shares Outstanding: 2.62B.
Step 3: Project Future Stock Price
Using a price ratio of 3.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(79.12B ÷ 2.62B) × 3.05 =
$92
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $92.
Including dividends, total future value: $92.
Discounted at 10% per
year over 5 years → Fair Value:
$57.
