Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.26B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.26B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.26B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 256.97M.
We will project this out 5 year(s) with a growth rate
of 1.45%.
Estimated Diluted Shares Outstanding: 276.15M.
Step 3: Project Future Stock Price
Using a price ratio of -16.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.26B ÷ 276.15M) × -16.43 =
$74
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.48.
Projected over 5 years with a growth rate of
0.03%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.40930209260462.
Step 5: Discount the Projected Stock Price
Projected stock price: $74.
Including dividends, total future value: $86.41.
Discounted at 10% per
year over 5 years → Fair Value:
$53.
