Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.1B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.1B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.1B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 299.48M.
We will project this out 5 year(s) with a growth rate
of 4.63%.
Estimated Diluted Shares Outstanding: 375.54M.
Step 3: Project Future Stock Price
Using a price ratio of -8.97, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.1B ÷ 375.54M) × -8.97 =
$26
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.49.
Projected over 5 years with a growth rate of
-5.26%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.876841562070787.
Step 5: Discount the Projected Stock Price
Projected stock price: $26.
Including dividends, total future value: $36.88.
Discounted at 10% per
year over 5 years → Fair Value:
$22.
