Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-8.12B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -8.12B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-8.12B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 853.43M.
We will project this out 5 year(s) with a growth rate
of 0.74%.
Estimated Diluted Shares Outstanding: 885.48M.
Step 3: Project Future Stock Price
Using a price ratio of -193.97, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-8.12B ÷ 885.48M) × -193.97 =
$1779
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.67.
Projected over 5 years with a growth rate of
-10.31%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.170477087317296.
Step 5: Discount the Projected Stock Price
Projected stock price: $1779.
Including dividends, total future value: $1789.17.
Discounted at 10% per
year over 5 years → Fair Value:
$1110.
