Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-51.02M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -51.02M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-51.02M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.09M.
We will project this out 5 year(s) with a growth rate
of -1.08%.
Estimated Diluted Shares Outstanding: 19.98M.
Step 3: Project Future Stock Price
Using a price ratio of -129.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-51.02M ÷ 19.98M) × -129.98 =
$331
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.3.
Projected over 5 years with a growth rate of
-12.90%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.142227408945335.
Step 5: Discount the Projected Stock Price
Projected stock price: $331.
Including dividends, total future value: $339.14.
Discounted at 10% per
year over 5 years → Fair Value:
$210.
