Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
143.77M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
12.5%.
Starting with 143.77M and growing at 12.5%
for 5 years, we estimate Free Cash Flow will be
259.08M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 98.63M.
We will project this out 5 year(s) with a growth rate
of -0.38%.
Estimated Diluted Shares Outstanding: 96.77M.
Step 3: Project Future Stock Price
Using a price ratio of 25.78, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(259.08M ÷ 96.77M) × 25.78 =
$69
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.62.
Projected over 5 years with a growth rate of
-1.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.556713067973885.
Step 5: Discount the Projected Stock Price
Projected stock price: $69.
Including dividends, total future value: $81.56.
Discounted at 10% per
year over 5 years → Fair Value:
$50.
