Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
38.14M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
3.44%.
Starting with 38.14M and growing at 3.44%
for 5 years, we estimate Free Cash Flow will be
45.17M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.16M.
We will project this out 5 year(s) with a growth rate
of -0.58%.
Estimated Diluted Shares Outstanding: 15.7M.
Step 3: Project Future Stock Price
Using a price ratio of 19.32, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(45.17M ÷ 15.7M) × 19.32 =
$55
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.88.
Projected over 5 years with a growth rate of
-38.34%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.3135949720518938.
Step 5: Discount the Projected Stock Price
Projected stock price: $55.
Including dividends, total future value: $56.31.
Discounted at 10% per
year over 5 years → Fair Value:
$34.
