Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-99.03M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -99.03M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-99.03M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 100.4M.
We will project this out 5 year(s) with a growth rate
of 2.07%.
Estimated Diluted Shares Outstanding: 111.23M.
Step 3: Project Future Stock Price
Using a price ratio of -39.43, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-99.03M ÷ 111.23M) × -39.43 =
$35
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.27.
Projected over 5 years with a growth rate of
1.28%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.716694146480117.
Step 5: Discount the Projected Stock Price
Projected stock price: $35.
Including dividends, total future value: $46.72.
Discounted at 10% per
year over 5 years → Fair Value:
$29.
