Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
922.43B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
43.03%.
Starting with 922.43B and growing at 43.03%
for 5 years, we estimate Free Cash Flow will be
5,521.7B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.19B.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 5.19B.
Step 3: Project Future Stock Price
Using a price ratio of 1.59, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5,521.7B ÷ 5.19B) × 1.59 =
$1692
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.73.
Projected over 5 years with a growth rate of
12.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$25.175042507316956.
Step 5: Discount the Projected Stock Price
Projected stock price: $1692.
Including dividends, total future value: $1717.18.
Discounted at 10% per
year over 5 years → Fair Value:
$1066.
