Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
299.28M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-14.11%.
Starting with 299.28M and growing at -14.11%
for 5 years, we estimate Free Cash Flow will be
139.89M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.57M.
We will project this out 5 year(s) with a growth rate
of -0.31%.
Estimated Diluted Shares Outstanding: 54.72M.
Step 3: Project Future Stock Price
Using a price ratio of 12.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(139.89M ÷ 54.72M) × 12.14 =
$31
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.58.
Projected over 5 years with a growth rate of
10.20%, dividends add to total shareholder return.
Expected dividends in 5 years:
$16.445371801863818.
Step 5: Discount the Projected Stock Price
Projected stock price: $31.
Including dividends, total future value: $47.45.
Discounted at 10% per
year over 5 years → Fair Value:
$29.
