Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.98B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-34.69%.
Starting with -1.98B and growing at -34.69%
for 5 years, we estimate Free Cash Flow will be
-235.62M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 532.63M.
We will project this out 5 year(s) with a growth rate
of -1.14%.
Estimated Diluted Shares Outstanding: 502.95M.
Step 3: Project Future Stock Price
Using a price ratio of -36.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-235.62M ÷ 502.95M) × -36.43 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.59.
Projected over 5 years with a growth rate of
-14.93%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.981343928835967.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $28.98.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
