Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
14.44B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-12.7%.
Starting with 14.44B and growing at -12.7%
for 5 years, we estimate Free Cash Flow will be
7.32B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 832.37M.
We will project this out 5 year(s) with a growth rate
of 0.09%.
Estimated Diluted Shares Outstanding: 836.12M.
Step 3: Project Future Stock Price
Using a price ratio of 0.3, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.32B ÷ 836.12M) × 0.3 =
$2
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.19.
Projected over 5 years with a growth rate of
6.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.1185188680976226.
Step 5: Discount the Projected Stock Price
Projected stock price: $2.
Including dividends, total future value: $3.12.
Discounted at 10% per
year over 5 years → Fair Value:
$1.
