Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.64B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
18.02%.
Starting with 6.64B and growing at 18.02%
for 5 years, we estimate Free Cash Flow will be
15.21B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.61B.
We will project this out 5 year(s) with a growth rate
of 16.38%.
Estimated Diluted Shares Outstanding: 3.43B.
Step 3: Project Future Stock Price
Using a price ratio of 0.86, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(15.21B ÷ 3.43B) × 0.86 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.18.
Projected over 5 years with a growth rate of
1.63%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9371245674279264.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $3.94.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
