Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-1.37B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -1.37B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-1.37B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 160.52M.
We will project this out 5 year(s) with a growth rate
of 5.38%.
Estimated Diluted Shares Outstanding: 208.61M.
Step 3: Project Future Stock Price
Using a price ratio of -3.97, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-1.37B ÷ 208.61M) × -3.97 =
$26
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.29.
Projected over 5 years with a growth rate of
2.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$22.604989615049217.
Step 5: Discount the Projected Stock Price
Projected stock price: $26.
Including dividends, total future value: $48.6.
Discounted at 10% per
year over 5 years → Fair Value:
$30.
