Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
215.66M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
5.97%.
Starting with 215.66M and growing at 5.97%
for 5 years, we estimate Free Cash Flow will be
288.19M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 39.62M.
We will project this out 5 year(s) with a growth rate
of -0.43%.
Estimated Diluted Shares Outstanding: 38.78M.
Step 3: Project Future Stock Price
Using a price ratio of 18.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(288.19M ÷ 38.78M) × 18.42 =
$136
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.0825675553152723.
Step 5: Discount the Projected Stock Price
Projected stock price: $136.
Including dividends, total future value: $137.08.
Discounted at 10% per
year over 5 years → Fair Value:
$85.
