Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
140.36M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-5.72%.
Starting with 140.36M and growing at -5.72%
for 5 years, we estimate Free Cash Flow will be
104.56M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.43M.
We will project this out 5 year(s) with a growth rate
of -4.49%.
Estimated Diluted Shares Outstanding: 28.96M.
Step 3: Project Future Stock Price
Using a price ratio of 30, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(104.56M ÷ 28.96M) × 30 =
$108
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.9.
Projected over 5 years with a growth rate of
16.72%, dividends add to total shareholder return.
Expected dividends in 5 years:
$21.341807555747966.
Step 5: Discount the Projected Stock Price
Projected stock price: $108.
Including dividends, total future value: $129.34.
Discounted at 10% per
year over 5 years → Fair Value:
$80.
