Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-109.13M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -109.13M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-109.13M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 64.87M.
We will project this out 5 year(s) with a growth rate
of 4.29%.
Estimated Diluted Shares Outstanding: 80.03M.
Step 3: Project Future Stock Price
Using a price ratio of -2.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-109.13M ÷ 80.03M) × -2.55 =
$3
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.83.
Projected over 5 years with a growth rate of
-0.60%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.013367006910945.
Step 5: Discount the Projected Stock Price
Projected stock price: $3.
Including dividends, total future value: $12.01.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
