Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.94B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 2.94B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
2.94B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.56B.
We will project this out 5 year(s) with a growth rate
of 14.34%.
Estimated Diluted Shares Outstanding: 3.05B.
Step 3: Project Future Stock Price
Using a price ratio of 1.12, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.94B ÷ 3.05B) × 1.12 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.61.
Projected over 5 years with a growth rate of
1.13%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.1368941005127016.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $4.14.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
