Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
2.09B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.14%.
Starting with 2.09B and growing at -0.14%
for 5 years, we estimate Free Cash Flow will be
2.08B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.48B.
We will project this out 5 year(s) with a growth rate
of 0.02%.
Estimated Diluted Shares Outstanding: 2.48B.
Step 3: Project Future Stock Price
Using a price ratio of 6.49, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.08B ÷ 2.48B) × 6.49 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.25.
Projected over 5 years with a growth rate of
4.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$23.869738365902283.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $28.87.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
