Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-3.03B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -3.03B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-3.03B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 111.77M.
We will project this out 5 year(s) with a growth rate
of -0.22%.
Estimated Diluted Shares Outstanding: 110.54M.
Step 3: Project Future Stock Price
Using a price ratio of -2.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-3.03B ÷ 110.54M) × -2.24 =
$61
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.09.
Projected over 5 years with a growth rate of
1.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.669227734661317.
Step 5: Discount the Projected Stock Price
Projected stock price: $61.
Including dividends, total future value: $66.67.
Discounted at 10% per
year over 5 years → Fair Value:
$41.
