Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
427.2M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
-7.43%.
Starting with 427.2M and growing at -7.43%
for 5 years, we estimate Free Cash Flow will be
290.39M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 146.7M.
We will project this out 5 year(s) with a growth rate
of -1.8%.
Estimated Diluted Shares Outstanding: 133.96M.
Step 3: Project Future Stock Price
Using a price ratio of 12.74, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(290.39M ÷ 133.96M) × 12.74 =
$27
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.12.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.6.
Step 5: Discount the Projected Stock Price
Projected stock price: $27.
Including dividends, total future value: $27.6.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
