Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-73.5M
as of Dec 31, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -73.5M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-73.5M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 106.52M.
We will project this out 5 year(s) with a growth rate
of 13.32%.
Estimated Diluted Shares Outstanding: 199.05M.
Step 3: Project Future Stock Price
Using a price ratio of -40.51, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-73.5M ÷ 199.05M) × -40.51 =
$14
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $14.
Including dividends, total future value: $14.
Discounted at 10% per
year over 5 years → Fair Value:
$8.
