Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.43B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.43B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.43B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 226.42M.
We will project this out 5 year(s) with a growth rate
of 8.18%.
Estimated Diluted Shares Outstanding: 335.47M.
Step 3: Project Future Stock Price
Using a price ratio of -6.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.43B ÷ 335.47M) × -6.99 =
$29
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
20.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.9763230252064639.
Step 5: Discount the Projected Stock Price
Projected stock price: $29.
Including dividends, total future value: $30.98.
Discounted at 10% per
year over 5 years → Fair Value:
$19.
