Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
54.8B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
84.79%.
Starting with 54.8B and growing at 84.79%
for 5 years, we estimate Free Cash Flow will be
1,180.7B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.94B.
We will project this out 5 year(s) with a growth rate
of 2.61%.
Estimated Diluted Shares Outstanding: 2.2B.
Step 3: Project Future Stock Price
Using a price ratio of 0.64, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1,180.7B ÷ 2.2B) × 0.64 =
$343
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.5.
Projected over 5 years with a growth rate of
-18.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.496354248894317.
Step 5: Discount the Projected Stock Price
Projected stock price: $343.
Including dividends, total future value: $344.5.
Discounted at 10% per
year over 5 years → Fair Value:
$213.
