Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
132.95M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.73%.
Starting with 132.95M and growing at -1.73%
for 5 years, we estimate Free Cash Flow will be
121.84M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 37.47M.
We will project this out 5 year(s) with a growth rate
of -1.17%.
Estimated Diluted Shares Outstanding: 35.33M.
Step 3: Project Future Stock Price
Using a price ratio of 24.75, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(121.84M ÷ 35.33M) × 24.75 =
$85
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.22.
Projected over 5 years with a growth rate of
1.19%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.283097871947971.
Step 5: Discount the Projected Stock Price
Projected stock price: $85.
Including dividends, total future value: $91.28.
Discounted at 10% per
year over 5 years → Fair Value:
$56.
