Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
142.98B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 142.98B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
142.98B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.78B.
We will project this out 5 year(s) with a growth rate
of -2.08%.
Estimated Diluted Shares Outstanding: 1.6B.
Step 3: Project Future Stock Price
Using a price ratio of 0.37, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(142.98B ÷ 1.6B) × 0.37 =
$33
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.3.
Projected over 5 years with a growth rate of
1.16%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.543879180612753.
Step 5: Discount the Projected Stock Price
Projected stock price: $33.
Including dividends, total future value: $34.54.
Discounted at 10% per
year over 5 years → Fair Value:
$21.
