Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
189.16M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
5.41%.
Starting with 189.16M and growing at 5.41%
for 5 years, we estimate Free Cash Flow will be
246.18M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 48.18M.
We will project this out 5 year(s) with a growth rate
of -0.42%.
Estimated Diluted Shares Outstanding: 47.17M.
Step 3: Project Future Stock Price
Using a price ratio of 44.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(246.18M ÷ 47.17M) × 44.07 =
$229
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $229.
Including dividends, total future value: $229.
Discounted at 10% per
year over 5 years → Fair Value:
$142.
