Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
121.14M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
11.3%.
Starting with 121.14M and growing at 11.3%
for 5 years, we estimate Free Cash Flow will be
206.9M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 58.36M.
We will project this out 5 year(s) with a growth rate
of -0.03%.
Estimated Diluted Shares Outstanding: 58.27M.
Step 3: Project Future Stock Price
Using a price ratio of 16.24, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(206.9M ÷ 58.27M) × 16.24 =
$57
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.06.
Projected over 5 years with a growth rate of
-15.89%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.19464369355221303.
Step 5: Discount the Projected Stock Price
Projected stock price: $57.
Including dividends, total future value: $57.19.
Discounted at 10% per
year over 5 years → Fair Value:
$35.
