Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
15.87B
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
1.72%.
Starting with 15.87B and growing at 1.72%
for 5 years, we estimate Free Cash Flow will be
17.28B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.13B.
We will project this out 5 year(s) with a growth rate
of -0.53%.
Estimated Diluted Shares Outstanding: 39.08B.
Step 3: Project Future Stock Price
Using a price ratio of 1.09, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(17.28B ÷ 39.08B) × 1.09 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.13.
Projected over 5 years with a growth rate of
0.04%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.6506501950129994.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $0.65.
Discounted at 10% per
year over 5 years → Fair Value:
n/a.
