Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-2.79B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -2.79B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-2.79B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 994.62M.
We will project this out 5 year(s) with a growth rate
of 7.14%.
Estimated Diluted Shares Outstanding: 1.4B.
Step 3: Project Future Stock Price
Using a price ratio of -343.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-2.79B ÷ 1.4B) × -343.99 =
$684
Step 4: Project Future Dividends Paid
Forward dividend per share: $5.57.
Projected over 5 years with a growth rate of
-8.14%, dividends add to total shareholder return.
Expected dividends in 5 years:
$22.52378132128491.
Step 5: Discount the Projected Stock Price
Projected stock price: $684.
Including dividends, total future value: $706.52.
Discounted at 10% per
year over 5 years → Fair Value:
$438.
