Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
511.8B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 511.8B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
511.8B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 490.6M.
We will project this out 5 year(s) with a growth rate
of 0.06%.
Estimated Diluted Shares Outstanding: 492.08M.
Step 3: Project Future Stock Price
Using a price ratio of 0.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(511.8B ÷ 492.08M) × 0.01 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.78.
Projected over 5 years with a growth rate of
-0.19%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.8815013897636077.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $13.88.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
