Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
55.8M
as of Jun 28, 2025.
We will project this out 5 years with a yearly growth
rate of
45.7%.
Starting with 55.8M and growing at 45.7%
for 5 years, we estimate Free Cash Flow will be
366.37M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 27.92M.
We will project this out 5 year(s) with a growth rate
of -0.19%.
Estimated Diluted Shares Outstanding: 27.66M.
Step 3: Project Future Stock Price
Using a price ratio of 115.29, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(366.37M ÷ 27.66M) × 115.29 =
$1527
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.38.
Projected over 5 years with a growth rate of
-31.33%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.696290671871598.
Step 5: Discount the Projected Stock Price
Projected stock price: $1527.
Including dividends, total future value: $1529.7.
Discounted at 10% per
year over 5 years → Fair Value:
$949.
