Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
41.8M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
2.65%.
Starting with 41.8M and growing at 2.65%
for 5 years, we estimate Free Cash Flow will be
47.64M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 45.84M.
We will project this out 5 year(s) with a growth rate
of 2.2%.
Estimated Diluted Shares Outstanding: 51.11M.
Step 3: Project Future Stock Price
Using a price ratio of 67.25, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(47.64M ÷ 51.11M) × 67.25 =
$62
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.67.
Projected over 5 years with a growth rate of
-3.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.5969530469012785.
Step 5: Discount the Projected Stock Price
Projected stock price: $62.
Including dividends, total future value: $69.6.
Discounted at 10% per
year over 5 years → Fair Value:
$43.
