Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.07B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0.47%.
Starting with 1.07B and growing at 0.47%
for 5 years, we estimate Free Cash Flow will be
1.1B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.23B.
We will project this out 5 year(s) with a growth rate
of 32.01%.
Estimated Diluted Shares Outstanding: 20.98B.
Step 3: Project Future Stock Price
Using a price ratio of 14.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.1B ÷ 20.98B) × 14.45 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.67.
Projected over 5 years with a growth rate of
20.78%, dividends add to total shareholder return.
Expected dividends in 5 years:
$21.402713050982065.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $21.4.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
