Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
10.28B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-13.98%.
Starting with 10.28B and growing at -13.98%
for 5 years, we estimate Free Cash Flow will be
4.84B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.98B.
We will project this out 5 year(s) with a growth rate
of -0.49%.
Estimated Diluted Shares Outstanding: 1.93B.
Step 3: Project Future Stock Price
Using a price ratio of 1.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(4.84B ÷ 1.93B) × 1.19 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.22.
Projected over 5 years with a growth rate of
9.15%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.3691531668358736.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $3.37.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
