Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
44.73B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
71.23%.
Starting with 44.73B and growing at 71.23%
for 5 years, we estimate Free Cash Flow will be
658.48B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 872.03M.
We will project this out 5 year(s) with a growth rate
of -0.03%.
Estimated Diluted Shares Outstanding: 870.73M.
Step 3: Project Future Stock Price
Using a price ratio of 0.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(658.48B ÷ 870.73M) × 0.45 =
$340
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.24.
Projected over 5 years with a growth rate of
15.28%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7122460206603112.
Step 5: Discount the Projected Stock Price
Projected stock price: $340.
Including dividends, total future value: $341.71.
Discounted at 10% per
year over 5 years → Fair Value:
$212.
