Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
75.1M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 75.1M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
75.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.21M.
We will project this out 5 year(s) with a growth rate
of -9.66%.
Estimated Diluted Shares Outstanding: 14.57M.
Step 3: Project Future Stock Price
Using a price ratio of 14.61, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(75.1M ÷ 14.57M) × 14.61 =
$75
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.3.
Projected over 5 years with a growth rate of
-3.44%, dividends add to total shareholder return.
Expected dividends in 5 years:
$10.53636927147404.
Step 5: Discount the Projected Stock Price
Projected stock price: $75.
Including dividends, total future value: $85.54.
Discounted at 10% per
year over 5 years → Fair Value:
$53.
