Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
141.9B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 141.9B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
141.9B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 45.48M.
We will project this out 5 year(s) with a growth rate
of -0.99%.
Estimated Diluted Shares Outstanding: 43.28M.
Step 3: Project Future Stock Price
Using a price ratio of 0.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(141.9B ÷ 43.28M) × 0.16 =
$524
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.87.
Projected over 5 years with a growth rate of
-14.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.307214874053439.
Step 5: Discount the Projected Stock Price
Projected stock price: $524.
Including dividends, total future value: $530.31.
Discounted at 10% per
year over 5 years → Fair Value:
$329.
