Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1.29B
as of Jul 4, 2025.
We will project this out 5 years with a yearly growth
rate of
82.37%.
Starting with 1.29B and growing at 82.37%
for 5 years, we estimate Free Cash Flow will be
25.97B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 408.97M.
We will project this out 5 year(s) with a growth rate
of 0.79%.
Estimated Diluted Shares Outstanding: 425.39M.
Step 3: Project Future Stock Price
Using a price ratio of 29.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(25.97B ÷ 425.39M) × 29.05 =
$1773
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: $1773.
Including dividends, total future value: $1773.
Discounted at 10% per
year over 5 years → Fair Value:
$1100.
