Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
231.52B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
3.23%.
Starting with 231.52B and growing at 3.23%
for 5 years, we estimate Free Cash Flow will be
271.41B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.19B.
We will project this out 5 year(s) with a growth rate
of 1.36%.
Estimated Diluted Shares Outstanding: 7.69B.
Step 3: Project Future Stock Price
Using a price ratio of 0.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(271.41B ÷ 7.69B) × 0.17 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.15.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.75.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $5.75.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
