Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
256.7M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-0.44%.
Starting with 256.7M and growing at -0.44%
for 5 years, we estimate Free Cash Flow will be
251.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 137.58M.
We will project this out 5 year(s) with a growth rate
of 0.13%.
Estimated Diluted Shares Outstanding: 138.48M.
Step 3: Project Future Stock Price
Using a price ratio of 72.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(251.1M ÷ 138.48M) × 72.13 =
$130
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.42.
Projected over 5 years with a growth rate of
-0.68%, dividends add to total shareholder return.
Expected dividends in 5 years:
$6.979914871759787.
Step 5: Discount the Projected Stock Price
Projected stock price: $130.
Including dividends, total future value: $136.98.
Discounted at 10% per
year over 5 years → Fair Value:
$85.
