Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
244.6M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
25.91%.
Starting with 244.6M and growing at 25.91%
for 5 years, we estimate Free Cash Flow will be
774.03M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 57.74M.
We will project this out 5 year(s) with a growth rate
of 0.18%.
Estimated Diluted Shares Outstanding: 58.26M.
Step 3: Project Future Stock Price
Using a price ratio of 10.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(774.03M ÷ 58.26M) × 10.85 =
$144
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.3.
Projected over 5 years with a growth rate of
-23.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.534335294345972.
Step 5: Discount the Projected Stock Price
Projected stock price: $144.
Including dividends, total future value: $152.53.
Discounted at 10% per
year over 5 years → Fair Value:
$94.
