Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
6.86B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
85.34%.
Starting with 6.86B and growing at 85.34%
for 5 years, we estimate Free Cash Flow will be
150.11B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 2.88B.
We will project this out 5 year(s) with a growth rate
of 0.85%.
Estimated Diluted Shares Outstanding: 3B.
Step 3: Project Future Stock Price
Using a price ratio of 100.22, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(150.11B ÷ 3B) × 100.22 =
$5013
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.19.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.95.
Step 5: Discount the Projected Stock Price
Projected stock price: $5013.
Including dividends, total future value: $5013.95.
Discounted at 10% per
year over 5 years → Fair Value:
$3113.
