Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
561M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.01%.
Starting with 561M and growing at -1.01%
for 5 years, we estimate Free Cash Flow will be
533.24M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 178.21M.
We will project this out 5 year(s) with a growth rate
of -4.9%.
Estimated Diluted Shares Outstanding: 138.62M.
Step 3: Project Future Stock Price
Using a price ratio of 17.22, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(533.24M ÷ 138.62M) × 17.22 =
$66
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.1.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.4330270221261089.
Step 5: Discount the Projected Stock Price
Projected stock price: $66.
Including dividends, total future value: $66.43.
Discounted at 10% per
year over 5 years → Fair Value:
$41.
