Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
365.97M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.61%.
Starting with 365.97M and growing at -1.61%
for 5 years, we estimate Free Cash Flow will be
337.44M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 53.28M.
We will project this out 5 year(s) with a growth rate
of -4.49%.
Estimated Diluted Shares Outstanding: 42.35M.
Step 3: Project Future Stock Price
Using a price ratio of 21.39, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(337.44M ÷ 42.35M) × 21.39 =
$170
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: $170.
Including dividends, total future value: $170.
Discounted at 10% per
year over 5 years → Fair Value:
$105.
