Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Pfizer Inc. (PFE)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$18.20 - $29.04$23.12
Multi-Stage$25.24 - $27.54$26.37
Blended Fair Value$24.75
Current Price$23.85
Upside3.75%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.41%3.71%1.671.621.571.531.481.411.401.341.281.22
YoY Growth--2.87%2.94%2.91%3.42%4.94%0.81%4.17%4.67%5.43%5.01%
Dividend Yield--6.58%5.84%3.81%3.00%4.08%4.55%3.44%4.04%3.95%4.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,821.00
(-) Cash Dividends Paid (M)9,706.00
(=) Cash Retained (M)115.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,964.201,227.63736.58
Cash Retained (M)115.00115.00115.00
(-) Cash Required (M)-1,964.20-1,227.63-736.58
(=) Excess Retained (M)-1,849.20-1,112.63-621.58
(/) Shares Outstanding (M)5,708.255,708.255,708.25
(=) Excess Retained per Share-0.32-0.19-0.11
LTM Dividend per Share1.701.701.70
(+) Excess Retained per Share-0.32-0.19-0.11
(=) Adjusted Dividend1.381.511.59
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.41%2.41%3.41%
Fair Value$18.20$23.12$29.04
Upside / Downside-23.68%-3.06%21.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,821.0010,057.8810,300.4710,548.9110,803.3511,063.9211,395.84
Payout Ratio98.83%97.06%95.30%93.53%91.77%90.00%92.50%
Projected Dividends (M)9,706.009,762.509,816.089,866.579,913.789,957.5310,541.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.41%2.41%3.41%
Year 1 PV (M)8,862.468,949.859,037.25
Year 2 PV (M)8,089.568,249.898,411.78
Year 3 PV (M)7,381.537,602.057,826.92
Year 4 PV (M)6,733.067,002.597,280.13
Year 5 PV (M)6,139.296,448.016,769.03
PV of Terminal Value (M)106,893.49112,268.72117,858.04
Equity Value (M)144,099.40150,521.11157,183.15
Shares Outstanding (M)5,708.255,708.255,708.25
Fair Value$25.24$26.37$27.54
Upside / Downside5.85%10.56%15.46%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%