Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-3.03B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -3.03B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-3.03B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 652.86M.
We will project this out 5 year(s) with a growth rate
of 4.98%.
Estimated Diluted Shares Outstanding: 832.45M.
Step 3: Project Future Stock Price
Using a price ratio of -12.3, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-3.03B ÷ 832.45M) × -12.3 =
$44
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.09.
Projected over 5 years with a growth rate of
3.53%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.943770570393924.
Step 5: Discount the Projected Stock Price
Projected stock price: $44.
Including dividends, total future value: $49.94.
Discounted at 10% per
year over 5 years → Fair Value:
$31.
