Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.62B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.62B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.62B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 270.41M.
We will project this out 5 year(s) with a growth rate
of 1.59%.
Estimated Diluted Shares Outstanding: 292.6M.
Step 3: Project Future Stock Price
Using a price ratio of -16.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.62B ÷ 292.6M) × -16.14 =
$89
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.47.
Projected over 5 years with a growth rate of
1.27%, dividends add to total shareholder return.
Expected dividends in 5 years:
$17.906120553824998.
Step 5: Discount the Projected Stock Price
Projected stock price: $89.
Including dividends, total future value: $106.91.
Discounted at 10% per
year over 5 years → Fair Value:
$66.
