Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.3B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
78.14%.
Starting with 50.3B and growing at 78.14%
for 5 years, we estimate Free Cash Flow will be
902.29B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 3.03B.
We will project this out 5 year(s) with a growth rate
of 1%.
Estimated Diluted Shares Outstanding: 3.18B.
Step 3: Project Future Stock Price
Using a price ratio of 97.65, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(902.29B ÷ 3.18B) × 97.65 =
$27676
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $27676.
Including dividends, total future value: $27676.
Discounted at 10% per
year over 5 years → Fair Value:
$17184.
