Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.54B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.7%.
Starting with -1.54B and growing at -14.7%
for 5 years, we estimate Free Cash Flow will be
-694.81M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 1.9B.
We will project this out 5 year(s) with a growth rate
of 15.36%.
Estimated Diluted Shares Outstanding: 3.87B.
Step 3: Project Future Stock Price
Using a price ratio of -8.59, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-694.81M ÷ 3.87B) × -8.59 =
$1
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.75.
Projected over 5 years with a growth rate of
5.53%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.010318561103302.
Step 5: Discount the Projected Stock Price
Projected stock price: $1.
Including dividends, total future value: $11.01.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
