Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
35.4M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 35.4M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
35.4M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 26.76M.
We will project this out 5 year(s) with a growth rate
of -0.79%.
Estimated Diluted Shares Outstanding: 25.72M.
Step 3: Project Future Stock Price
Using a price ratio of 18.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(35.4M ÷ 25.72M) × 18.42 =
$25
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.65.
Projected over 5 years with a growth rate of
-4.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.8701549438740246.
Step 5: Discount the Projected Stock Price
Projected stock price: $25.
Including dividends, total future value: $27.87.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
