Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
277.7B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 277.7B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
277.7B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.93B.
We will project this out 5 year(s) with a growth rate
of 0.57%.
Estimated Diluted Shares Outstanding: 1.98B.
Step 3: Project Future Stock Price
Using a price ratio of 0.04, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(277.7B ÷ 1.98B) × 0.04 =
$5
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.44.
Projected over 5 years with a growth rate of
-6.84%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.8428771298976463.
Step 5: Discount the Projected Stock Price
Projected stock price: $5.
Including dividends, total future value: $6.84.
Discounted at 10% per
year over 5 years → Fair Value:
$4.
