Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
853M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
8.86%.
Starting with 853M and growing at 8.86%
for 5 years, we estimate Free Cash Flow will be
1.3B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 50.85M.
We will project this out 5 year(s) with a growth rate
of -1.01%.
Estimated Diluted Shares Outstanding: 48.33M.
Step 3: Project Future Stock Price
Using a price ratio of 38.35, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.3B ÷ 48.33M) × 38.35 =
$1034
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $1034.
Including dividends, total future value: $1034.
Discounted at 10% per
year over 5 years → Fair Value:
$642.
