Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.01B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.01B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.01B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 371.12M.
We will project this out 5 year(s) with a growth rate
of 2.05%.
Estimated Diluted Shares Outstanding: 410.75M.
Step 3: Project Future Stock Price
Using a price ratio of -18.34, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.01B ÷ 410.75M) × -18.34 =
$45
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.69.
Projected over 5 years with a growth rate of
-0.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$18.399304350762396.
Step 5: Discount the Projected Stock Price
Projected stock price: $45.
Including dividends, total future value: $63.4.
Discounted at 10% per
year over 5 years → Fair Value:
$39.
