Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1,303.9B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-4.05%.
Starting with 1,303.9B and growing at -4.05%
for 5 years, we estimate Free Cash Flow will be
1,060.4B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 439.39B.
We will project this out 5 year(s) with a growth rate
of 0.93%.
Estimated Diluted Shares Outstanding: 460.2B.
Step 3: Project Future Stock Price
Using a price ratio of 0.91, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1,060.4B ÷ 460.2B) × 0.91 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.09.
Projected over 5 years with a growth rate of
2.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.48416043398465763.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $2.48.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
