Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1,204.7B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
45.97%.
Starting with 1,204.7B and growing at 45.97%
for 5 years, we estimate Free Cash Flow will be
7,983.8B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.29B.
We will project this out 5 year(s) with a growth rate
of -0.97%.
Estimated Diluted Shares Outstanding: 2.18B.
Step 3: Project Future Stock Price
Using a price ratio of 0.03, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7,983.8B ÷ 2.18B) × 0.03 =
$109
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.32.
Projected over 5 years with a growth rate of
-5.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.3761659040313314.
Step 5: Discount the Projected Stock Price
Projected stock price: $109.
Including dividends, total future value: $110.38.
Discounted at 10% per
year over 5 years → Fair Value:
$68.
