Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-722M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
-10.85%.
Starting with -722M and growing at -10.85%
for 5 years, we estimate Free Cash Flow will be
-406.58M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.3B.
We will project this out 5 year(s) with a growth rate
of 0.03%.
Estimated Diluted Shares Outstanding: 4.31B.
Step 3: Project Future Stock Price
Using a price ratio of -8.89, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-406.58M ÷ 4.31B) × -8.89 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.02.
Projected over 5 years with a growth rate of
-1.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.755148148279549.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $9.76.
Discounted at 10% per
year over 5 years → Fair Value:
$6.
