Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
91.83B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
19.03%.
Starting with 91.83B and growing at 19.03%
for 5 years, we estimate Free Cash Flow will be
219.41B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.75B.
We will project this out 5 year(s) with a growth rate
of 24.27%.
Estimated Diluted Shares Outstanding: 5.19B.
Step 3: Project Future Stock Price
Using a price ratio of 0.09, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(219.41B ÷ 5.19B) × 0.09 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.17.
Projected over 5 years with a growth rate of
3.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.9303714974647392.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $3.93.
Discounted at 10% per
year over 5 years → Fair Value:
$2.
