Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
609.2M
as of Dec 30, 2024.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 609.2M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
609.2M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 130.88M.
We will project this out 5 year(s) with a growth rate
of 1.87%.
Estimated Diluted Shares Outstanding: 143.58M.
Step 3: Project Future Stock Price
Using a price ratio of 30.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(609.2M ÷ 143.58M) × 30.92 =
$131
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.38.
Projected over 5 years with a growth rate of
22.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.392419040646827.
Step 5: Discount the Projected Stock Price
Projected stock price: $131.
Including dividends, total future value: $142.39.
Discounted at 10% per
year over 5 years → Fair Value:
$88.
