Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
4,086.3B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-10.2%.
Starting with 4,086.3B and growing at -10.2%
for 5 years, we estimate Free Cash Flow will be
2,386.2B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 497M.
We will project this out 5 year(s) with a growth rate
of 1.18%.
Estimated Diluted Shares Outstanding: 527.02M.
Step 3: Project Future Stock Price
Using a price ratio of 0, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2,386.2B ÷ 527.02M) × 0 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.17.
Projected over 5 years with a growth rate of
-10.02%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.492838815249622.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $4.49.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
