Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-136.25M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -136.25M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-136.25M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.9M.
We will project this out 5 year(s) with a growth rate
of 23.82%.
Estimated Diluted Shares Outstanding: 23M.
Step 3: Project Future Stock Price
Using a price ratio of -53.11, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-136.25M ÷ 23M) × -53.11 =
$314
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.62.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.100000000000001.
Step 5: Discount the Projected Stock Price
Projected stock price: $314.
Including dividends, total future value: $322.1.
Discounted at 10% per
year over 5 years → Fair Value:
$199.
