Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-28M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-2.73%.
Starting with -28M and growing at -2.73%
for 5 years, we estimate Free Cash Flow will be
-24.38M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 155.12M.
We will project this out 5 year(s) with a growth rate
of 4.24%.
Estimated Diluted Shares Outstanding: 190.92M.
Step 3: Project Future Stock Price
Using a price ratio of -2.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-24.38M ÷ 190.92M) × -2.29 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.37.
Projected over 5 years with a growth rate of
-0.65%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.658375224388896.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $11.66.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
