Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
261.92B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
5.17%.
Starting with 261.92B and growing at 5.17%
for 5 years, we estimate Free Cash Flow will be
336.99B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.04B.
We will project this out 5 year(s) with a growth rate
of 14.18%.
Estimated Diluted Shares Outstanding: 2.01B.
Step 3: Project Future Stock Price
Using a price ratio of 0.23, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(336.99B ÷ 2.01B) × 0.23 =
$38
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.47.
Projected over 5 years with a growth rate of
-4.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.10601351001984.
Step 5: Discount the Projected Stock Price
Projected stock price: $38.
Including dividends, total future value: $40.11.
Discounted at 10% per
year over 5 years → Fair Value:
$24.
