Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
88.7M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.25%.
Starting with 88.7M and growing at -3.25%
for 5 years, we estimate Free Cash Flow will be
75.19M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 31.38M.
We will project this out 5 year(s) with a growth rate
of -1.65%.
Estimated Diluted Shares Outstanding: 28.87M.
Step 3: Project Future Stock Price
Using a price ratio of 22.44, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(75.19M ÷ 28.87M) × 22.44 =
$58
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.54.
Projected over 5 years with a growth rate of
10.53%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.467881023384404.
Step 5: Discount the Projected Stock Price
Projected stock price: $58.
Including dividends, total future value: $61.47.
Discounted at 10% per
year over 5 years → Fair Value:
$38.
