Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
412.15M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 412.15M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
412.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 119.54M.
We will project this out 5 year(s) with a growth rate
of -1.81%.
Estimated Diluted Shares Outstanding: 109.1M.
Step 3: Project Future Stock Price
Using a price ratio of 23.78, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(412.15M ÷ 109.1M) × 23.78 =
$89
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
6.60%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.332853847402543.
Step 5: Discount the Projected Stock Price
Projected stock price: $89.
Including dividends, total future value: $96.33.
Discounted at 10% per
year over 5 years → Fair Value:
$59.
