Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
280.76M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
-9.73%.
Starting with 280.76M and growing at -9.73%
for 5 years, we estimate Free Cash Flow will be
168.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 262.85M.
We will project this out 5 year(s) with a growth rate
of 1.1%.
Estimated Diluted Shares Outstanding: 277.63M.
Step 3: Project Future Stock Price
Using a price ratio of 20.69, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(168.29M ÷ 277.63M) × 20.69 =
$12
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.52.
Projected over 5 years with a growth rate of
-0.17%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.5889640847573387.
Step 5: Discount the Projected Stock Price
Projected stock price: $12.
Including dividends, total future value: $14.59.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
