DDM Analysis: TXN

Valuation Snapshot

Stable Growth	$43.70 - $64.31	$53.59
Multi-Stage	$66.54 - $72.55	$69.49
Blended Fair Value	$61.54
Current Price	$183.73
Upside	-66.50%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.77%	13.74%	5.24	4.98	4.69	4.25	3.74	3.29	2.79	2.30	1.80	1.58
YoY Growth	-	-	5.22%	6.05%	10.58%	13.43%	13.90%	17.73%	21.44%	27.83%	13.99%	9.15%
Dividend Yield	-	-	2.92%	2.88%	2.52%	2.31%	1.98%	3.29%	2.57%	2.21%	2.23%	2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,043.00
(-) Cash Dividends Paid (M)	4,949.00
(=) Cash Retained (M)	94.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,008.60	630.38	378.23
Cash Retained (M)	94.00	94.00	94.00
(-) Cash Required (M)	-1,008.60	-630.38	-378.23
(=) Excess Retained (M)	-914.60	-536.38	-284.23
(/) Shares Outstanding (M)	915.25	915.25	915.25
(=) Excess Retained per Share	-1.00	-0.59	-0.31
LTM Dividend per Share	5.41	5.41	5.41
(+) Excess Retained per Share	-1.00	-0.59	-0.31
(=) Adjusted Dividend	4.41	4.82	5.10
WACC / Discount Rate	9.90%	9.90%	9.90%
Growth Rate	-0.17%	0.83%	1.83%
Fair Value	$43.70	$53.59	$64.31
Upside / Downside	-76.22%	-70.83%	-65.00%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,043.00	5,084.93	5,127.21	5,169.84	5,212.83	5,256.17	5,413.86
Payout Ratio	98.14%	96.51%	94.88%	93.25%	91.63%	90.00%	92.50%
Projected Dividends (M)	4,949.00	4,907.41	4,864.78	4,821.11	4,776.37	4,730.56	5,007.82

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.90%	9.90%	9.90%
Growth Rate	-0.17%	0.83%	1.83%
Year 1 PV (M)	4,420.97	4,465.26	4,509.54
Year 2 PV (M)	3,948.16	4,027.66	4,107.94
Year 3 PV (M)	3,524.88	3,631.87	3,741.00
Year 4 PV (M)	3,146.02	3,273.98	3,405.80
Year 5 PV (M)	2,806.99	2,950.43	3,099.66
PV of Terminal Value (M)	43,053.10	45,253.03	47,541.97
Equity Value (M)	60,900.14	63,602.22	66,405.92
Shares Outstanding (M)	915.25	915.25	915.25
Fair Value	$66.54	$69.49	$72.55
Upside / Downside	-63.78%	-62.18%	-60.51%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 40 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EMTK.JK	PT Elang Mahkota Teknologi Tbk	3.98%	$43.78	48.47%
HOLN.SW	Holcim Ltd	3.98%	$3.10	11.12%
TQ5.SI	Frasers Property Limited	3.98%	$0.05	60.69%
007860.KS	Seoyon Co., Ltd.	3.97%	$381.92	8.19%
3217.TWO	Argosy Research Inc.	3.97%	$6.40	54.14%
5434.TW	Topco Scientific Co.,Ltd.	3.97%	$11.76	59.09%
ALTXC.PA	TXCOM Group	3.97%	$0.30	35.01%
MND.AX	Monadelphous Group Limited	3.97%	$1.05	72.16%
MXI.AX	MaxiPARTS Limited	3.97%	$0.09	46.30%
027410.KS	BGF Co., Ltd.	3.96%	$152.83	25.29%
CNT.BK	Christiani & Nielsen (Thai) Public Company Limited	3.96%	$0.04	56.47%
UCID.JK	PT Uni-Charm Indonesia Tbk	3.96%	$16.86	78.76%
002758.SZ	ZJAMP Group Co., Ltd.	3.95%	$0.40	46.30%
4065.KL	PPB Group Berhad	3.95%	$0.42	72.75%
600585.SS	Anhui Conch Cement Company Limited	3.95%	$0.86	51.83%
8464.TW	Nien Made Enterprise Co., Ltd.	3.95%	$14.49	64.65%
BRFS3.SA	BRF S.A.	3.95%	$0.71	31.92%
F34.SI	Wilmar International Limited	3.95%	$0.12	63.66%
000848.SZ	Cheng De Lolo Company Limited	3.94%	$0.33	55.15%
6412.T	Heiwa Corporation	3.94%	$80.00	63.34%
DSFIR.AS	DSM-Firmenich AG	3.94%	$2.71	99.44%
NDT.MI	Neodecortech S.p.A.	3.94%	$0.15	28.43%
TCSG.ME	TCS Group Holding PLC	3.94%	$129.27	21.76%
001720.KS	Shinyoung Securities Co., Ltd.	3.93%	$5,219.58	32.99%
0UKH.L	Bank of Montreal	3.93%	$7.04	57.77%
282330.KS	BGF retail Co. Ltd.	3.93%	$4,100.00	37.49%
4953.TWO	WITS Corp.	3.93%	$4.91	84.65%
601528.SS	Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd	3.93%	$0.22	21.93%
601789.SS	Ningbo Construction Co., Ltd.	3.93%	$0.20	78.65%
EMA	Emera Incorporated	3.93%	$1.93	49.45%
TSPC.JK	PT Tempo Scan Pacific Tbk	3.93%	$111.90	33.61%
TTALO.HE	Terveystalo Oyj	3.93%	$0.38	55.32%
003012.SZ	Guangdong Dongpeng Holdings Co., Ltd.	3.92%	$0.26	78.10%
300181.SZ	Zhejiang Jolly Pharmaceutical Co.,LTD	3.92%	$0.63	73.60%
6491.TW	Pegavision Corporation	3.92%	$11.02	53.82%
82800.HK	Tracker Fund of Hong Kong	3.92%	$0.93	12.85%
DR0.DE	Deutsche Rohstoff AG	3.92%	$1.96	26.92%
SIRIP.BK	Siri Prime Office Property Fund	3.92%	$0.28	44.51%
SJR	Shaw Communications Inc.	3.92%	$1.18	80.43%
1437.TW	GTM Holdings Corporation	3.91%	$1.35	64.33%
234080.KS	JW Lifescience Corporation	3.91%	$501.22	16.27%
3693.TWO	AIC Inc.	3.91%	$10.92	61.94%
4863.KL	Telekom Malaysia Berhad	3.91%	$0.31	59.49%
PBP.AX	Probiotec Limited	3.91%	$0.12	41.70%
SUZB3.SA	Suzano S.A.	3.91%	$2.03	38.32%
025540.KS	Korea Electric Terminal Co., Ltd.	3.90%	$2,586.58	23.65%
AZ2.DE	Andritz AG	3.90%	$2.60	55.55%
EUX.F	Euwax AG	3.90%	$1.85	82.61%
TPIPP-R.BK	TPI Polene Power Public Company Limited	3.90%	$0.07	20.67%
0R9H.L	Banca Sistema S.p.A.	3.89%	$0.07	15.44%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Texas Instruments Incorporated (TXN)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener