Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
253.29B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
63.72%.
Starting with 253.29B and growing at 63.72%
for 5 years, we estimate Free Cash Flow will be
2,979.3B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.47M.
We will project this out 5 year(s) with a growth rate
of 8.84%.
Estimated Diluted Shares Outstanding: 11.41M.
Step 3: Project Future Stock Price
Using a price ratio of 0.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2,979.3B ÷ 11.41M) × 0.01 =
$2611
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.59.
Projected over 5 years with a growth rate of
6.70%, dividends add to total shareholder return.
Expected dividends in 5 years:
$15.229330687238956.
Step 5: Discount the Projected Stock Price
Projected stock price: $2611.
Including dividends, total future value: $2626.23.
Discounted at 10% per
year over 5 years → Fair Value:
$1630.
