Definitive Analysis
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

Analysis Mode

Ticker

Industry

Sector

Targa Resources Corp. (TRGP)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$184.53 - $515.75$286.65
Multi-Stage$127.64 - $139.29$133.36
Blended Fair Value$210.01
Current Price$174.08
Upside20.64%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-8.60%18.47%2.821.961.740.861.814.424.163.862.590.82
YoY Growth--44.04%12.54%102.51%-52.64%-58.97%6.22%7.72%49.00%216.15%58.41%
Dividend Yield--1.41%1.74%2.38%1.14%5.71%63.95%9.82%8.78%4.33%2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,650.40
(-) Cash Dividends Paid (M)767.40
(=) Cash Retained (M)883.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)330.08206.30123.78
Cash Retained (M)883.00883.00883.00
(-) Cash Required (M)-330.08-206.30-123.78
(=) Excess Retained (M)552.92676.70759.22
(/) Shares Outstanding (M)218.33218.33218.33
(=) Excess Retained per Share2.533.103.48
LTM Dividend per Share3.513.513.51
(+) Excess Retained per Share2.533.103.48
(=) Adjusted Dividend6.056.616.99
WACC / Discount Rate8.96%8.96%8.96%
Growth Rate5.50%6.50%7.50%
Fair Value$184.53$286.65$515.75
Upside / Downside6.00%64.67%196.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,650.401,757.681,871.921,993.602,123.182,261.192,329.03
Payout Ratio46.50%55.20%63.90%72.60%81.30%90.00%92.50%
Projected Dividends (M)767.40970.211,196.141,447.341,726.142,035.072,154.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.96%8.96%8.96%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)882.08890.45898.81
Year 2 PV (M)988.721,007.551,026.56
Year 3 PV (M)1,087.691,118.921,150.73
Year 4 PV (M)1,179.401,224.751,271.40
Year 5 PV (M)1,264.181,325.241,388.64
PV of Terminal Value (M)22,463.8623,548.8724,675.41
Equity Value (M)27,865.9329,115.7830,411.55
Shares Outstanding (M)218.33218.33218.33
Fair Value$127.64$133.36$139.29
Upside / Downside-26.68%-23.39%-19.98%

High-Yield Dividend Screener

« Prev Page 46 of 151 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
ATCOLAtlas Corp.3.53%$0.8930.47%
AWC-R.BKAsset World Corp Public Company Limited3.53%$0.0737.62%
CCRO3.SACCR S.A.3.53%$0.4866.57%
HMU.DEHMS Bergbau AG3.53%$1.6929.89%
RAUTE.HERaute Oyj3.53%$0.5226.97%
RWE.DERWE AG3.53%$1.6646.76%
SNL.AXSupply Network Limited3.53%$1.1367.28%
0NHS.LNutrien Ltd.3.52%$2.1858.76%
CELL.MICellularline S.p.A.3.52%$0.0934.70%
INFREA.STInfrea AB3.52%$0.5067.57%
ISSP.JKPT Steel Pipe Industry of Indonesia Tbk3.52%$15.0019.85%
MGAMagna International Inc.3.52%$1.9252.47%
PARP.PAGroupe Partouche S.A.3.52%$0.6438.61%
PKI.TOParkland Corporation3.52%$1.4073.81%
SMU.SNSMU S.A.3.52%$5.4946.99%
161390.KSHankook Tire & Technology Co., Ltd.3.51%$2,000.0025.86%
300360.SZHangzhou Sunrise Technology Co., Ltd.3.51%$0.6152.03%
5106.KLAxis Real Estate Investment Trust3.51%$0.0756.99%
601128.SSJiangsu Changshu Rural Commercial Bank Co., Ltd.3.51%$0.2519.56%
INTP.JKPT Indocement Tunggal Prakarsa Tbk3.51%$259.8143.04%
RATO-A.STRatos AB (publ)3.51%$1.3512.15%
002887.SZTianjin LVYIN Landscape and Ecology Construction Co., Ltd3.50%$0.3384.50%
603062.SSMEGA P&C Advanced Materials (Shanghai) Company Limited3.50%$1.6674.27%
CMCLCaledonia Mining Corporation Plc3.50%$0.9235.87%
DLODLocal Limited3.50%$0.4987.74%
LAZLazard Ltd3.50%$1.7467.48%
TWL.MITraWell Co S.p.A.3.50%$0.2128.69%
WJP.SIVICOM Ltd3.50%$0.0666.95%
005610.KSSPC Samlip Co., Ltd.3.49%$1,803.3945.19%
0RFL.LVAT Group AG3.49%$12.5088.50%
2030.HKCabbeen Fashion Limited3.49%$0.0563.92%
5206.TWOKunyue Development Co., Ltd.3.49%$1.1821.91%
5246.KLWestports Holdings Berhad3.49%$0.2071.36%
5989.TH-One Co.,Ltd.3.49%$49.4414.49%
ACO-X.TOATCO Ltd.3.49%$1.9850.80%
CNICanadian National Railway Company3.49%$3.5050.64%
PEAB3.SACompanhia de Participações Aliança da Bahia3.49%$1.3678.68%
026960.KSDong Suh Companies Inc.3.48%$905.3362.72%
055550.KSShinhan Financial Group Co., Ltd.3.48%$2,668.7426.55%
0QK5.LINFICON Holding AG3.48%$3.4443.54%
6722.TWOWhetron Electronics Co.,Ltd.3.48%$1.9924.71%
HOLM-A.STHolmen AB (publ)3.48%$12.2366.11%
002206.SZZhejiang Hailide New Material Co.,Ltd3.47%$0.2043.30%
3004.SRNorthern Region Cement Company3.47%$0.2579.89%
4129.TWOUnited Orthopedic Corporation3.47%$3.8069.70%
600133.SSWuhan East Lake High Technology Group Co., Ltd.3.47%$0.3287.27%
601995.SSChina International Capital Corporation Limited3.47%$1.2162.35%
6471.TNSK Ltd.3.47%$33.8292.34%
CSED3.SACruzeiro do Sul Educacional S.A.3.47%$0.2130.49%
GPRA.JKPT Perdana Gapuraprima Tbk3.47%$5.0018.12%