Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-222.15M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -222.15M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-222.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.63M.
We will project this out 5 year(s) with a growth rate
of 23.25%.
Estimated Diluted Shares Outstanding: 158.21M.
Step 3: Project Future Stock Price
Using a price ratio of -5.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-222.15M ÷ 158.21M) × -5.42 =
$7
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.56.
Projected over 5 years with a growth rate of
3.65%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.000167630627345.
Step 5: Discount the Projected Stock Price
Projected stock price: $7.
Including dividends, total future value: $21.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
