Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
150.12M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
8.95%.
Starting with 150.12M and growing at 8.95%
for 5 years, we estimate Free Cash Flow will be
230.45M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 11.78M.
We will project this out 5 year(s) with a growth rate
of 0.54%.
Estimated Diluted Shares Outstanding: 12.1M.
Step 3: Project Future Stock Price
Using a price ratio of 24.02, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(230.45M ÷ 12.1M) × 24.02 =
$457
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.66.
Projected over 5 years with a growth rate of
7.12%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.857221199538355.
Step 5: Discount the Projected Stock Price
Projected stock price: $457.
Including dividends, total future value: $466.86.
Discounted at 10% per
year over 5 years → Fair Value:
$289.
