Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
21.13M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
24.34%.
Starting with 21.13M and growing at 24.34%
for 5 years, we estimate Free Cash Flow will be
62.79M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 6.58M.
We will project this out 5 year(s) with a growth rate
of -3.29%.
Estimated Diluted Shares Outstanding: 5.57M.
Step 3: Project Future Stock Price
Using a price ratio of 27.1, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(62.79M ÷ 5.57M) × 27.1 =
$305
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.38.
Projected over 5 years with a growth rate of
9.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.801572429828662.
Step 5: Discount the Projected Stock Price
Projected stock price: $305.
Including dividends, total future value: $319.8.
Discounted at 10% per
year over 5 years → Fair Value:
$198.
