Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
158.8M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
12.39%.
Starting with 158.8M and growing at 12.39%
for 5 years, we estimate Free Cash Flow will be
284.77M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 127.2M.
We will project this out 5 year(s) with a growth rate
of 0.45%.
Estimated Diluted Shares Outstanding: 130.09M.
Step 3: Project Future Stock Price
Using a price ratio of 7.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(284.77M ÷ 130.09M) × 7.44 =
$16
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: $16.
Including dividends, total future value: $16.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
