Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
431.42M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
8.62%.
Starting with 431.42M and growing at 8.62%
for 5 years, we estimate Free Cash Flow will be
652.3M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 44.19M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 44.19M.
Step 3: Project Future Stock Price
Using a price ratio of 30.18, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(652.3M ÷ 44.19M) × 30.18 =
$445
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.7.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.361459376143851.
Step 5: Discount the Projected Stock Price
Projected stock price: $445.
Including dividends, total future value: $452.36.
Discounted at 10% per
year over 5 years → Fair Value:
$280.
