Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
98.1M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
7.76%.
Starting with 98.1M and growing at 7.76%
for 5 years, we estimate Free Cash Flow will be
142.55M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 33.15M.
We will project this out 5 year(s) with a growth rate
of 0.79%.
Estimated Diluted Shares Outstanding: 34.48M.
Step 3: Project Future Stock Price
Using a price ratio of 25.18, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(142.55M ÷ 34.48M) × 25.18 =
$104
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7999999999999998.
Step 5: Discount the Projected Stock Price
Projected stock price: $104.
Including dividends, total future value: $105.8.
Discounted at 10% per
year over 5 years → Fair Value:
$65.
