Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.76B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.76B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.76B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.01B.
We will project this out 5 year(s) with a growth rate
of 0.59%.
Estimated Diluted Shares Outstanding: 1.04B.
Step 3: Project Future Stock Price
Using a price ratio of -15.81, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.76B ÷ 1.04B) × -15.81 =
$26
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.96.
Projected over 5 years with a growth rate of
1.89%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.269634360939625.
Step 5: Discount the Projected Stock Price
Projected stock price: $26.
Including dividends, total future value: $36.27.
Discounted at 10% per
year over 5 years → Fair Value:
$22.
