Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-2.65B
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -2.65B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-2.65B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.71M.
We will project this out 5 year(s) with a growth rate
of -7.86%.
Estimated Diluted Shares Outstanding: 34.34M.
Step 3: Project Future Stock Price
Using a price ratio of -0.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-2.65B ÷ 34.34M) × -0.13 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.5.
Projected over 5 years with a growth rate of
10.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.683193959206255.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $19.68.
Discounted at 10% per
year over 5 years → Fair Value:
$12.
