Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
81.01M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
15.3%.
Starting with 81.01M and growing at 15.3%
for 5 years, we estimate Free Cash Flow will be
165.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 20.88M.
We will project this out 5 year(s) with a growth rate
of -0.35%.
Estimated Diluted Shares Outstanding: 20.51M.
Step 3: Project Future Stock Price
Using a price ratio of 29.71, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(165.07M ÷ 20.51M) × 29.71 =
$239
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.91.
Projected over 5 years with a growth rate of
3.37%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.943080547428452.
Step 5: Discount the Projected Stock Price
Projected stock price: $239.
Including dividends, total future value: $243.94.
Discounted at 10% per
year over 5 years → Fair Value:
$151.
