Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
-5.86B
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with -5.86B and growing at 0%
for 5 years, we estimate Free Cash Flow will be
-5.86B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 738.85M.
We will project this out 5 year(s) with a growth rate
of 3.88%.
Estimated Diluted Shares Outstanding: 893.76M.
Step 3: Project Future Stock Price
Using a price ratio of -65.79, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(-5.86B ÷ 893.76M) × -65.79 =
$431
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.32.
Projected over 5 years with a growth rate of
6.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.64491356674406.
Step 5: Discount the Projected Stock Price
Projected stock price: $431.
Including dividends, total future value: $444.64.
Discounted at 10% per
year over 5 years → Fair Value:
$276.
