Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
587.15M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
-9.12%.
Starting with 587.15M and growing at -9.12%
for 5 years, we estimate Free Cash Flow will be
363.99M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 92.65M.
We will project this out 5 year(s) with a growth rate
of -4.36%.
Estimated Diluted Shares Outstanding: 74.14M.
Step 3: Project Future Stock Price
Using a price ratio of 16.05, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(363.99M ÷ 74.14M) × 16.05 =
$78
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $78.
Including dividends, total future value: $78.
Discounted at 10% per
year over 5 years → Fair Value:
$48.
