Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-218.71M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -218.71M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-218.71M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 218.81M.
We will project this out 5 year(s) with a growth rate
of -0.02%.
Estimated Diluted Shares Outstanding: 218.59M.
Step 3: Project Future Stock Price
Using a price ratio of -13.95, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-218.71M ÷ 218.59M) × -13.95 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
6.35%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.4579873254761144.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $14.46.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
