Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
161.04M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
12.44%.
Starting with 161.04M and growing at 12.44%
for 5 years, we estimate Free Cash Flow will be
289.42M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.92M.
We will project this out 5 year(s) with a growth rate
of -2.28%.
Estimated Diluted Shares Outstanding: 7.06M.
Step 3: Project Future Stock Price
Using a price ratio of 18.45, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(289.42M ÷ 7.06M) × 18.45 =
$756
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: $756.
Including dividends, total future value: $756.
Discounted at 10% per
year over 5 years → Fair Value:
$469.
