Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-497.97M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -497.97M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-497.97M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 45.89M.
We will project this out 5 year(s) with a growth rate
of 0.86%.
Estimated Diluted Shares Outstanding: 47.89M.
Step 3: Project Future Stock Price
Using a price ratio of -4.4, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-497.97M ÷ 47.89M) × -4.4 =
$45
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.39.
Projected over 5 years with a growth rate of
7.06%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.312611649302712.
Step 5: Discount the Projected Stock Price
Projected stock price: $45.
Including dividends, total future value: $47.31.
Discounted at 10% per
year over 5 years → Fair Value:
$29.
