Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-2.53B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -2.53B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-2.53B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 446.41M.
We will project this out 5 year(s) with a growth rate
of 1.84%.
Estimated Diluted Shares Outstanding: 489.02M.
Step 3: Project Future Stock Price
Using a price ratio of -16.1, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-2.53B ÷ 489.02M) × -16.1 =
$83
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.96.
Projected over 5 years with a growth rate of
-0.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.520400807802837.
Step 5: Discount the Projected Stock Price
Projected stock price: $83.
Including dividends, total future value: $97.52.
Discounted at 10% per
year over 5 years → Fair Value:
$60.
