Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
21M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 21M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
21M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 959.19K.
We will project this out 5 year(s) with a growth rate
of -3.59%.
Estimated Diluted Shares Outstanding: 798.94K.
Step 3: Project Future Stock Price
Using a price ratio of 36.34, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21M ÷ 798.94K) × 36.34 =
$955
Step 4: Project Future Dividends Paid
Forward dividend per share: $11.25.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$48.71553998918725.
Step 5: Discount the Projected Stock Price
Projected stock price: $955.
Including dividends, total future value: $1003.72.
Discounted at 10% per
year over 5 years → Fair Value:
$623.
