Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
315.07M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
9.72%.
Starting with 315.07M and growing at 9.72%
for 5 years, we estimate Free Cash Flow will be
501M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.78M.
We will project this out 5 year(s) with a growth rate
of 0.18%.
Estimated Diluted Shares Outstanding: 25.01M.
Step 3: Project Future Stock Price
Using a price ratio of 22.04, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(501M ÷ 25.01M) × 22.04 =
$441
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.55.
Projected over 5 years with a growth rate of
2.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$18.783706943293073.
Step 5: Discount the Projected Stock Price
Projected stock price: $441.
Including dividends, total future value: $459.78.
Discounted at 10% per
year over 5 years → Fair Value:
$285.
