Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-313.2M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -313.2M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-313.2M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 104.39M.
We will project this out 5 year(s) with a growth rate
of 0.76%.
Estimated Diluted Shares Outstanding: 108.41M.
Step 3: Project Future Stock Price
Using a price ratio of -151.41, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-313.2M ÷ 108.41M) × -151.41 =
$437
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
17.97%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.447327392643125.
Step 5: Discount the Projected Stock Price
Projected stock price: $437.
Including dividends, total future value: $446.45.
Discounted at 10% per
year over 5 years → Fair Value:
$277.
