Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Johnson & Johnson (JNJ)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$123.76 - $208.31$160.78
Multi-Stage$236.13 - $259.50$247.59
Blended Fair Value$204.18
Current Price$181.62
Upside12.42%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.58%4.29%4.884.854.824.554.324.093.923.693.563.37
YoY Growth--0.45%0.75%5.89%5.26%5.69%4.46%6.16%3.74%5.48%5.21%
Dividend Yield--2.94%3.08%3.07%2.58%2.64%3.08%2.82%2.96%2.85%3.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)25,119.00
(-) Cash Dividends Paid (M)12,234.00
(=) Cash Retained (M)12,885.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,023.803,139.881,883.93
Cash Retained (M)12,885.0012,885.0012,885.00
(-) Cash Required (M)-5,023.80-3,139.88-1,883.93
(=) Excess Retained (M)7,861.209,745.1311,001.08
(/) Shares Outstanding (M)2,424.652,424.652,424.65
(=) Excess Retained per Share3.244.024.54
LTM Dividend per Share5.055.055.05
(+) Excess Retained per Share3.244.024.54
(=) Adjusted Dividend8.299.069.58
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-0.20%0.80%1.80%
Fair Value$123.76$160.78$208.31
Upside / Downside-31.86%-11.48%14.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)25,119.0025,319.1725,520.9425,724.3225,929.3226,135.9526,920.03
Payout Ratio48.70%56.96%65.22%73.48%81.74%90.00%92.50%
Projected Dividends (M)12,234.0014,422.6516,645.4018,902.6621,194.8423,522.3624,901.03

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-0.20%0.80%1.80%
Year 1 PV (M)13,410.5613,544.9413,679.32
Year 2 PV (M)14,391.2414,681.1014,973.84
Year 3 PV (M)15,195.9915,657.3916,128.04
Year 4 PV (M)15,843.0316,487.6517,151.74
Year 5 PV (M)16,348.9917,184.6818,054.21
PV of Terminal Value (M)497,340.77522,762.81549,213.96
Equity Value (M)572,530.59600,318.57629,201.11
Shares Outstanding (M)2,424.652,424.652,424.65
Fair Value$236.13$247.59$259.50
Upside / Downside30.01%36.32%42.88%

High-Yield Dividend Screener

« Prev Page 67 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
DAB.CODanske Andelskassers Bank A/S2.24%$0.4437.84%
KBSB.MEPJSC TNS energo Kuban2.24%$17.9936.50%
002179.SZAVIC Jonhon Optronic Technology Co.,Ltd.2.23%$0.7965.31%
1083.HKTowngas Smart Energy Company Limited2.23%$0.0811.47%
192080.KSDoubleUGames Co., Ltd.2.23%$1,217.6314.93%
300791.SZSirio Pharma Co., Ltd.2.23%$0.5851.03%
603012.SSShanghai Chuangli Group Co., Ltd.2.23%$0.1354.71%
603987.SSShanghai Kindly Enterprise Development Group Co.,LTD.2.23%$0.1934.34%
6070.SRAl-Jouf Agricultural Development Co.2.23%$0.9836.81%
GCG-A.TOGuardian Capital Group Limited2.23%$1.5020.18%
IPN.PAIpsen S.A.2.23%$2.5919.16%
TYA.MIToscana Aeroporti S.p.A.2.23%$0.4242.81%
137310.KSSD BioSensor, Inc2.22%$201.4921.35%
3569.TSeiren Co.,Ltd.2.22%$68.0426.55%
601901.SSFounder Securities Co., Ltd.2.22%$0.1735.28%
603609.SSWellhope Foods Co., Ltd.2.22%$0.1675.23%
688016.SSShanghai MicroPort Endovascular MedTech Co., Ltd.2.22%$2.0365.07%
7034.KLThong Guan Industries Berhad2.22%$0.0317.13%
9436.TOkinawa Cellular Telephone Company2.22%$62.9045.77%
IEI.VImperial Equities Inc.2.22%$0.0813.05%
ISKJ.MEPublic Joint-Stock Company "Human Stem Cells Institute"2.22%$1.5289.44%
LKD.WALokum Deweloper S.A.2.22%$0.5034.19%
MEDICAB.MXMédica Sur, S.A.B. de C.V.2.22%$1.3129.76%
TKC.BKTurnkey Communication Services Public Company Limited2.22%$0.2068.90%
0696.HKTravelSky Technology Limited2.21%$0.2318.19%
183190.KSAsia Cement Co.,Ltd.2.21%$264.7821.44%
300673.SZPetpal Pet Nutrition Technology Co., Ltd.2.21%$0.4068.30%
4292.SRAtaa Educational Company2.21%$1.3066.22%
4519.TChugai Pharmaceutical Co., Ltd.2.21%$182.1975.49%
5607.TWFarglory F T Z Investment Holding Co.,Ltd.2.21%$1.0841.76%
600062.SSChina Resources Double-Crane Pharmaceutical Co.,Ltd.2.21%$0.4026.61%
603288.SSFoshan Haitian Flavouring and Food Company Ltd.2.21%$0.8269.84%
7864.TFuji Seal International, Inc.2.21%$69.4123.64%
BLES.JKSuperior Prima Sukses Tbk.2.21%$3.6028.62%
ELI.BRElia Group SA/NV2.21%$2.4830.58%
NTEK-B.STNovotek AB2.21%$1.8026.45%
SWEC-A.STSweco AB (publ)2.21%$3.2854.95%
069960.KSHyundai Department Store Co. Ltd.2.20%$1,867.6522.60%
300415.SZGuangdong Yizumi Precision Machinery Co.,Ltd.2.20%$0.5738.08%
3176.TSanyo Trading Co., Ltd.2.20%$32.8020.58%
3227.TWOPixArt Imaging Inc.2.20%$4.5234.58%
600030.SSCITIC Securities Company Limited2.20%$0.6333.43%
603345.SSAnjoy Foods Group Co., Ltd.2.20%$1.7441.75%
603693.SSJiangsu New Energy Development Co., Ltd.2.20%$0.2660.61%
6508.TMeidensha Corporation2.20%$122.7830.24%
8002.TMarubeni Corporation2.20%$95.6227.63%
9059.KLTSH Resources Berhad2.20%$0.0315.65%
JCQ.PAJacquet Metals S.A.2.20%$0.4494.90%
OLT.OLOlav Thon Eiendomsselskap ASA2.20%$7.3330.72%
001216.SZHunan Hualian China Industry Co., Ltd.2.19%$0.3841.88%