Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
57.88M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
7.27%.
Starting with 57.88M and growing at 7.27%
for 5 years, we estimate Free Cash Flow will be
82.21M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 32.76M.
We will project this out 5 year(s) with a growth rate
of 0.74%.
Estimated Diluted Shares Outstanding: 33.99M.
Step 3: Project Future Stock Price
Using a price ratio of 16.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(82.21M ÷ 33.99M) × 16.52 =
$39
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.3.
Projected over 5 years with a growth rate of
8.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.238587945164698.
Step 5: Discount the Projected Stock Price
Projected stock price: $39.
Including dividends, total future value: $53.24.
Discounted at 10% per
year over 5 years → Fair Value:
$33.
