Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-477.76M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -477.76M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-477.76M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 280.47M.
We will project this out 5 year(s) with a growth rate
of 4.91%.
Estimated Diluted Shares Outstanding: 356.43M.
Step 3: Project Future Stock Price
Using a price ratio of -32.15, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-477.76M ÷ 356.43M) × -32.15 =
$43
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.64.
Projected over 5 years with a growth rate of
0.48%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.298754523222206.
Step 5: Discount the Projected Stock Price
Projected stock price: $43.
Including dividends, total future value: $51.3.
Discounted at 10% per
year over 5 years → Fair Value:
$31.
