Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
261.19M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
9.19%.
Starting with 261.19M and growing at 9.19%
for 5 years, we estimate Free Cash Flow will be
405.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 58.57M.
We will project this out 5 year(s) with a growth rate
of -0.42%.
Estimated Diluted Shares Outstanding: 57.35M.
Step 3: Project Future Stock Price
Using a price ratio of 9.09, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(405.39M ÷ 57.35M) × 9.09 =
$64
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.71.
Projected over 5 years with a growth rate of
16.00%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.391134977261121.
Step 5: Discount the Projected Stock Price
Projected stock price: $64.
Including dividends, total future value: $76.39.
Discounted at 10% per
year over 5 years → Fair Value:
$47.
