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

T. Rowe Price Group, Inc. (TROW)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$151.17 - $291.76$207.29
Multi-Stage$147.91 - $161.36$154.51
Blended Fair Value$180.90
Current Price$102.64
Upside76.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.12%9.41%5.135.075.007.693.823.323.142.542.444.78
YoY Growth--1.24%1.29%-34.93%101.22%15.25%5.70%23.30%4.12%-48.93%129.17%
Dividend Yield--5.58%4.21%4.43%5.08%2.23%3.39%3.04%2.36%3.58%6.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,067.00
(-) Cash Dividends Paid (M)1,434.80
(=) Cash Retained (M)632.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)413.40258.38155.03
Cash Retained (M)632.20632.20632.20
(-) Cash Required (M)-413.40-258.38-155.03
(=) Excess Retained (M)218.80373.83477.18
(/) Shares Outstanding (M)221.38221.38221.38
(=) Excess Retained per Share0.991.692.16
LTM Dividend per Share6.486.486.48
(+) Excess Retained per Share0.991.692.16
(=) Adjusted Dividend7.478.178.64
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate3.94%4.94%5.94%
Fair Value$151.17$207.29$291.76
Upside / Downside47.28%101.96%184.25%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,067.002,169.192,276.432,388.972,507.072,631.022,709.95
Payout Ratio69.41%73.53%77.65%81.77%85.88%90.00%92.50%
Projected Dividends (M)1,434.801,595.041,767.621,953.362,153.152,367.922,506.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate3.94%4.94%5.94%
Year 1 PV (M)1,448.331,462.271,476.20
Year 2 PV (M)1,457.411,485.591,514.03
Year 3 PV (M)1,462.421,505.041,548.47
Year 4 PV (M)1,463.731,520.881,579.68
Year 5 PV (M)1,461.671,533.351,607.81
PV of Terminal Value (M)25,449.7026,697.6927,994.16
Equity Value (M)32,743.2734,204.8035,720.36
Shares Outstanding (M)221.38221.38221.38
Fair Value$147.91$154.51$161.36
Upside / Downside44.10%50.54%57.21%

High-Yield Dividend Screener

« Prev Page 17 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SAHSonic Automotive, Inc.2.13%$1.3135.28%
AIG-PAAmerican International Group, Inc.2.12%$1.6930.01%
LANCLancaster Colony Corporation2.11%$3.8261.80%
TDACTranslational Development Acquisition Corp.2.10%$0.2279.86%
FASTFastenal Company2.09%$0.8579.50%
FDUSFidus Investment Corporation2.09%$0.4117.86%
IBOCInternational Bancshares Corporation2.09%$1.4020.70%
SMRSXALPS/Smith Short Duration Bond Investor2.09%$0.2298.81%
SSSSSuRo Capital Corp.2.09%$0.208.46%
MLRMiller Industries, Inc.2.08%$0.7830.00%
OACCOaktree Acquisition Corp. III Life Sciences2.08%$0.2261.74%
FCCOFirst Community Corporation2.07%$0.6025.08%
GNTXGentex Corporation2.07%$0.4928.42%
OACCUOaktree Acquisition Corp. III Life Sciences Unit2.07%$0.2261.74%
DLBDolby Laboratories, Inc.2.06%$1.3149.64%
APOGApogee Enterprises, Inc.2.05%$0.7737.24%
CAKEThe Cheesecake Factory Incorporated2.05%$1.0832.74%
EWBCEast West Bancorp, Inc.2.05%$2.3625.97%
ALFCenturion Acquisition Corp.2.04%$0.2251.38%
ATOAtmos Energy Corporation2.04%$3.4546.19%
OVLYOak Valley Bancorp2.04%$0.6129.73%
0HYE.LCincinnati Financial Corporation2.03%$3.2824.36%
AOSA. O. Smith Corporation2.03%$1.3936.68%
ACTEnact Holdings, Inc.2.02%$0.8018.03%
ARKOArko Corp.2.02%$0.0955.86%
KFYKorn Ferry2.02%$1.3426.97%
0H68.LAflac Incorporated2.01%$2.2028.14%
LENLennar Corporation2.01%$2.1025.46%
AVYAvery Dennison Corporation2.00%$3.6641.17%
RHLDResolute Holdings Management, Inc.2.00%$3.7422.61%
ALFUUCenturion Acquisition Corp. Unit1.99%$0.2251.38%
GNTYGuaranty Bancshares, Inc.1.99%$0.9730.69%
NCNACCO Industries, Inc.1.99%$0.9524.54%
QCOMQUALCOMM Incorporated1.99%$3.4468.67%
THGThe Hanover Insurance Group, Inc.1.98%$3.5520.46%
CNMDCONMED Corporation1.97%$0.8038.60%
FBINFortune Brands Innovations, Inc.1.97%$1.0036.69%
FEIMFrequency Electronics, Inc.1.97%$1.0046.25%
RPMRPM International Inc.1.97%$2.0437.93%
BNJBrookfield Finance Inc. 4.50% P1.96%$0.3070.51%
MTGMGIC Investment Corporation1.96%$0.5717.51%
CCSCentury Communities, Inc.1.95%$1.1516.06%
0K6F.LNetApp, Inc.1.94%$2.0735.51%
BLKBlackRock, Inc.1.94%$21.0053.94%
FNB-PEF.N.B. Corporation1.94%$0.4834.55%
0L4F.LSealed Air Corporation1.93%$0.8030.13%
AEOAmerican Eagle Outfitters, Inc.1.93%$0.5142.14%
SLGNSilgan Holdings Inc.1.93%$0.8026.98%
FSFGFirst Savings Financial Group, Inc.1.92%$0.6123.93%
GENGen Digital Inc.1.92%$0.5054.91%