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

Pfizer Inc. (PFE)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$18.20 - $29.04$23.12
Multi-Stage$25.24 - $27.54$26.37
Blended Fair Value$24.75
Current Price$23.85
Upside3.75%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.41%3.71%1.671.621.571.531.481.411.401.341.281.22
YoY Growth--2.87%2.94%2.91%3.42%4.94%0.81%4.17%4.67%5.43%5.01%
Dividend Yield--6.58%5.84%3.81%3.00%4.08%4.55%3.44%4.04%3.95%4.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,821.00
(-) Cash Dividends Paid (M)9,706.00
(=) Cash Retained (M)115.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,964.201,227.63736.58
Cash Retained (M)115.00115.00115.00
(-) Cash Required (M)-1,964.20-1,227.63-736.58
(=) Excess Retained (M)-1,849.20-1,112.63-621.58
(/) Shares Outstanding (M)5,708.255,708.255,708.25
(=) Excess Retained per Share-0.32-0.19-0.11
LTM Dividend per Share1.701.701.70
(+) Excess Retained per Share-0.32-0.19-0.11
(=) Adjusted Dividend1.381.511.59
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.41%2.41%3.41%
Fair Value$18.20$23.12$29.04
Upside / Downside-23.68%-3.06%21.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,821.0010,057.8810,300.4710,548.9110,803.3511,063.9211,395.84
Payout Ratio98.83%97.06%95.30%93.53%91.77%90.00%92.50%
Projected Dividends (M)9,706.009,762.509,816.089,866.579,913.789,957.5310,541.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.41%2.41%3.41%
Year 1 PV (M)8,862.468,949.859,037.25
Year 2 PV (M)8,089.568,249.898,411.78
Year 3 PV (M)7,381.537,602.057,826.92
Year 4 PV (M)6,733.067,002.597,280.13
Year 5 PV (M)6,139.296,448.016,769.03
PV of Terminal Value (M)106,893.49112,268.72117,858.04
Equity Value (M)144,099.40150,521.11157,183.15
Shares Outstanding (M)5,708.255,708.255,708.25
Fair Value$25.24$26.37$27.54
Upside / Downside5.85%10.56%15.46%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%