Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
660.11B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 660.11B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
660.11B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 142.73M.
We will project this out 5 year(s) with a growth rate
of -1.73%.
Estimated Diluted Shares Outstanding: 130.81M.
Step 3: Project Future Stock Price
Using a price ratio of 1.61, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(660.11B ÷ 130.81M) × 1.61 =
$8124
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.58.
Projected over 5 years with a growth rate of
9.30%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.866826604627413.
Step 5: Discount the Projected Stock Price
Projected stock price: $8124.
Including dividends, total future value: $8133.87.
Discounted at 10% per
year over 5 years → Fair Value:
$5050.
