Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-49M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -49M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-49M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 350.07M.
We will project this out 5 year(s) with a growth rate
of -4.79%.
Estimated Diluted Shares Outstanding: 273.88M.
Step 3: Project Future Stock Price
Using a price ratio of -50.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-49M ÷ 273.88M) × -50.19 =
$8
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.19.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$18.964778744153804.
Step 5: Discount the Projected Stock Price
Projected stock price: $8.
Including dividends, total future value: $26.96.
Discounted at 10% per
year over 5 years → Fair Value:
$16.
