Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
422.69B
as of May 31, 2025.
We will project this out 5 years with a yearly growth
rate of
7.29%.
Starting with 422.69B and growing at 7.29%
for 5 years, we estimate Free Cash Flow will be
600.93B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.55B.
We will project this out 5 year(s) with a growth rate
of -0.41%.
Estimated Diluted Shares Outstanding: 2.5B.
Step 3: Project Future Stock Price
Using a price ratio of 0.12, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(600.93B ÷ 2.5B) × 0.12 =
$28
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.48.
Projected over 5 years with a growth rate of
-10.80%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.8035300285017646.
Step 5: Discount the Projected Stock Price
Projected stock price: $28.
Including dividends, total future value: $29.8.
Discounted at 10% per
year over 5 years → Fair Value:
$18.
