Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
66.56M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
1.94%.
Starting with 66.56M and growing at 1.94%
for 5 years, we estimate Free Cash Flow will be
73.27M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 19.47M.
We will project this out 5 year(s) with a growth rate
of 0.51%.
Estimated Diluted Shares Outstanding: 19.97M.
Step 3: Project Future Stock Price
Using a price ratio of 16.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(73.27M ÷ 19.97M) × 16.73 =
$61
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.92.
Projected over 5 years with a growth rate of
0.52%, dividends add to total shareholder return.
Expected dividends in 5 years:
$19.855794580665084.
Step 5: Discount the Projected Stock Price
Projected stock price: $61.
Including dividends, total future value: $80.86.
Discounted at 10% per
year over 5 years → Fair Value:
$50.
