Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-21.64B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -21.64B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-21.64B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 8.96B.
We will project this out 5 year(s) with a growth rate
of 1.29%.
Estimated Diluted Shares Outstanding: 9.55B.
Step 3: Project Future Stock Price
Using a price ratio of -4.87, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-21.64B ÷ 9.55B) × -4.87 =
$11
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.88.
Projected over 5 years with a growth rate of
62.08%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.715541456030726.
Step 5: Discount the Projected Stock Price
Projected stock price: $11.
Including dividends, total future value: $25.72.
Discounted at 10% per
year over 5 years → Fair Value:
$15.
