Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Novartis AG (NOVN.SW)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$81.72 - $134.37$105.14
Multi-Stage$171.42 - $188.48$179.78
Blended Fair Value$142.46
Current Price$125.70
Upside13.33%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.79%1.14%3.863.673.803.733.543.363.533.293.283.36
YoY Growth--5.09%-3.34%1.87%5.45%5.15%-4.61%7.25%0.31%-2.53%-2.45%
Dividend Yield--3.49%3.88%4.15%4.24%4.13%4.06%4.15%4.59%5.01%5.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)14,393.00
(-) Cash Dividends Paid (M)7,818.00
(=) Cash Retained (M)6,575.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,878.601,799.131,079.48
Cash Retained (M)6,575.006,575.006,575.00
(-) Cash Required (M)-2,878.60-1,799.13-1,079.48
(=) Excess Retained (M)3,696.404,775.885,495.53
(/) Shares Outstanding (M)1,975.751,975.751,975.75
(=) Excess Retained per Share1.872.422.78
LTM Dividend per Share3.963.963.96
(+) Excess Retained per Share1.872.422.78
(=) Adjusted Dividend5.836.376.74
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-0.78%0.22%1.22%
Fair Value$81.72$105.14$134.37
Upside / Downside-34.99%-16.36%6.90%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)14,393.0014,424.8014,456.6714,488.6014,520.6114,552.6914,989.27
Payout Ratio54.32%61.45%68.59%75.73%82.86%90.00%92.50%
Projected Dividends (M)7,818.008,864.689,915.9510,971.8212,032.3013,097.4213,865.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-0.78%0.22%1.22%
Year 1 PV (M)8,256.338,339.548,422.75
Year 2 PV (M)8,601.658,775.918,951.91
Year 3 PV (M)8,864.419,135.149,411.33
Year 4 PV (M)9,054.079,424.639,806.45
Year 5 PV (M)9,179.209,651.1810,142.38
PV of Terminal Value (M)294,726.25309,880.68325,652.17
Equity Value (M)338,681.91355,207.08372,386.99
Shares Outstanding (M)1,975.751,975.751,975.75
Fair Value$171.42$179.78$188.48
Upside / Downside36.37%43.03%49.94%

High-Yield Dividend Screener

« Prev Page 28 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
ORAOrmat Technologies, Inc.0.42%$0.4821.81%
VLTOVeralto Corporation0.42%$0.4211.39%
CEGConstellation Energy Corporation0.41%$1.5217.38%
EXPEExpedia Group, Inc.0.41%$1.1510.88%
GEGE Aerospace0.40%$1.2917.08%
GEHCVGE HealthCare Technologies Inc.0.40%$0.235.05%
ATMUAtmus Filtration Technologies Inc.0.39%$0.208.42%
BMNRBitmine Immersion Technologies, Inc.0.39%$0.120.85%
CHDNChurchill Downs Incorporated0.39%$0.437.61%
PLPCPreformed Line Products Company0.39%$0.8311.03%
AAPLApple Inc.0.38%$1.0313.77%
AMOTAllied Motion Technologies Inc.0.38%$0.1221.85%
CASYCasey's General Stores, Inc.0.38%$2.0912.85%
EAElectronic Arts Inc.0.38%$0.7721.92%
LOBLive Oak Bancshares, Inc.0.37%$0.138.44%
PCG-PAPacific Gas and Electric Company0.37%$0.086.94%
CTSCTS Corporation0.36%$0.168.09%
GVAGranite Construction Incorporated0.36%$0.4312.45%
LCORXLeuthold Core Investment Fund0.36%$0.084.98%
LCRIXLeuthold Core Investment Fund Class Institutional0.36%$0.084.98%
UHALU-Haul Holding Company0.36%$0.1817.87%
BOXBox, Inc.0.35%$0.106.61%
HCCWarrior Met Coal, Inc.0.35%$0.3147.04%
MCKMcKesson Corporation0.35%$2.918.98%
CSWICSW Industrials, Inc.0.34%$1.0211.93%
MOG-AMoog Inc.0.34%$0.8511.59%
SRBKSR Bancorp, Inc. Common stock0.34%$0.059.61%
VHAQ-UNViveon Health Acquisition Corp.0.34%$0.0417.38%
WWDWoodward, Inc.0.34%$1.0514.70%
AGXArgan, Inc.0.33%$1.0812.72%
PJTPJT Partners Inc.0.33%$0.5613.70%
REGNRegeneron Pharmaceuticals, Inc.0.33%$2.596.06%
LPLALPL Financial Holdings Inc.0.32%$1.1611.15%
METAMeta Platforms, Inc.0.31%$2.048.98%
ESABESAB Corporation0.30%$0.348.52%
POWLPowell Industries, Inc.0.30%$1.057.31%
VCVisteon Corporation0.30%$0.292.59%
WSTWest Pharmaceutical Services, Inc.0.30%$0.8312.34%
CASHPathward Financial, Inc.0.29%$0.212.52%
NGSNatural Gas Services Group, Inc.0.29%$0.106.71%
PLUSePlus inc.0.29%$0.255.41%
RVTYRevvity, Inc.0.29%$0.2814.01%
TMOThermo Fisher Scientific Inc.0.28%$1.659.48%
MRVLMarvell Technology, Inc.0.27%$0.248.33%
VNTVontier Corporation0.27%$0.103.64%
DBRGDigitalBridge Group, Inc.0.26%$0.049.84%
FOURShift4 Payments, Inc.0.26%$0.167.44%
GOOGAlphabet Inc.0.26%$0.828.01%
TPBTurning Point Brands, Inc.0.26%$0.2910.22%
USB-PAU.S. Bancorp PERP PFD SER A0.26%$2.0243.68%