Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-11.5B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -11.5B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-11.5B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 5.98B.
We will project this out 5 year(s) with a growth rate
of -2.8%.
Estimated Diluted Shares Outstanding: 5.18B.
Step 3: Project Future Stock Price
Using a price ratio of 0.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-11.5B ÷ 5.18B) × 0.29 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.21.
Projected over 5 years with a growth rate of
21.53%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.850632553773677.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $8.85.
Discounted at 10% per
year over 5 years → Fair Value:
$5.
