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

Target Corporation (TGT)

Company Dividend Discount ModelIndustry: Discount StoresSector: Consumer Defensive

Valuation Snapshot

Stable Growth$120.47 - $219.56$161.59
Multi-Stage$125.09 - $136.62$130.75
Blended Fair Value$146.17
Current Price$92.72
Upside57.64%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS9.00%5.44%4.484.404.023.392.942.912.922.932.952.98
YoY Growth--1.74%9.53%18.60%15.26%0.98%-0.37%-0.22%-0.74%-1.03%13.03%
Dividend Yield--4.60%2.79%2.55%1.48%1.42%2.69%3.85%4.12%5.29%3.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,763.00
(-) Cash Dividends Paid (M)2,050.00
(=) Cash Retained (M)1,713.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)752.60470.38282.23
Cash Retained (M)1,713.001,713.001,713.00
(-) Cash Required (M)-752.60-470.38-282.23
(=) Excess Retained (M)960.401,242.631,430.78
(/) Shares Outstanding (M)456.55456.55456.55
(=) Excess Retained per Share2.102.723.13
LTM Dividend per Share4.494.494.49
(+) Excess Retained per Share2.102.723.13
(=) Adjusted Dividend6.597.217.62
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.44%4.44%5.44%
Fair Value$120.47$161.59$219.56
Upside / Downside29.93%74.27%136.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,763.003,929.954,104.314,286.414,476.594,675.204,815.46
Payout Ratio54.48%61.58%68.69%75.79%82.90%90.00%92.50%
Projected Dividends (M)2,050.002,420.152,819.123,248.723,710.894,207.684,454.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.44%4.44%5.44%
Year 1 PV (M)2,197.092,218.332,239.57
Year 2 PV (M)2,323.392,368.532,414.11
Year 3 PV (M)2,430.672,501.852,574.41
Year 4 PV (M)2,520.562,619.462,721.23
Year 5 PV (M)2,594.582,722.442,855.30
PV of Terminal Value (M)45,041.7647,261.5349,567.97
Equity Value (M)57,108.0559,692.1562,372.59
Shares Outstanding (M)456.55456.55456.55
Fair Value$125.09$130.75$136.62
Upside / Downside34.91%41.01%47.34%

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%