Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
1,969.4B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.97%.
Starting with 1,969.4B and growing at 12.97%
for 5 years, we estimate Free Cash Flow will be
3,623.8B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6B.
We will project this out 5 year(s) with a growth rate
of 36.92%.
Estimated Diluted Shares Outstanding: 28.89B.
Step 3: Project Future Stock Price
Using a price ratio of 0.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3,623.8B ÷ 28.89B) × 0.06 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.24.
Projected over 5 years with a growth rate of
-4.63%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.0658858642215463.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $8.07.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
