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 8 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ACICAmerican Coastal Insurance Corporation4.24%$0.4828.28%
NCDLNuveen Churchill Direct Lending Corp.4.24%$0.5730.88%
ESEversource Energy4.23%$2.8879.84%
ISBCInvestors Bancorp, Inc.4.21%$0.5844.24%
KMIKinder Morgan, Inc.4.21%$1.1795.05%
PWODPenns Woods Bancorp, Inc.4.17%$1.2545.44%
DDSDillard's, Inc.4.16%$26.5071.17%
RLIRLI Corp.4.16%$2.6067.96%
TFCTruist Financial Corporation4.16%$2.0753.19%
RMBIRichmond Mutual Bancorporation, Inc.4.15%$0.5854.33%
PRPermian Resources Corporation4.14%$0.6052.90%
RILYTB. Riley Financial, Inc. 6.00% Senior Notes Due 20284.13%$0.5856.91%
DGICADonegal Group Inc.4.12%$0.8028.85%
AUBNAuburn National Bancorporation, Inc.4.11%$1.0876.62%
FHBFirst Hawaiian, Inc.4.11%$1.0650.97%
PORPortland General Electric Company4.09%$1.9872.28%
NEWTLNewtek Business Services Corp.4.08%$1.0244.14%
NEWTGNewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 20294.06%$1.0244.14%
NEWTZNewtek Business Services Corp. 5.50% Notes Due 20264.05%$1.0244.14%
LKQLKQ Corporation4.04%$1.2144.76%
NWENorthwestern Energy Group Inc4.04%$2.6274.07%
PXDPioneer Natural Resources Company4.00%$10.8054.25%
HAFCHanmi Financial Corporation3.99%$1.0744.22%
KSSKohl's Corporation3.99%$0.8550.52%
APAAPA Corporation3.98%$1.0124.12%
NWNNorthwest Natural Holding Company3.98%$1.8676.25%
HFWAHeritage Financial Corporation3.97%$0.9456.54%
WSBCWesBanco, Inc.3.97%$1.3265.39%
FULTFulton Financial Corporation3.96%$0.7739.22%
REYNReynolds Consumer Products Inc.3.96%$0.9163.16%
MSMMSC Industrial Direct Co., Inc.3.95%$3.3995.14%
RF-PFRegions Financial Corporation3.95%$1.0141.98%
NEWTINewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 20283.94%$0.9942.24%
BOHBank of Hawaii Corporation3.93%$2.6958.42%
DCOMDime Community Bancshares, Inc.3.93%$1.1786.59%
OGEOGE Energy Corp.3.93%$1.6967.72%
ASIEXMultisector Income Fund - Investor Class3.92%$0.3596.64%
ESSEssex Property Trust, Inc.3.90%$10.0376.31%
WABCWestamerica Bancorporation3.90%$1.8639.32%
NJRNew Jersey Resources Corporation3.88%$1.7853.65%
XHRXenia Hotels & Resorts, Inc.3.88%$0.5693.99%
ARTNAArtesian Resources Corporation3.87%$1.2255.68%
FFBCFirst Financial Bancorp.3.87%$0.9738.17%
PNWPinnacle West Capital Corporation3.87%$3.4169.92%
UEUrban Edge Properties3.87%$0.7482.23%
NECBNortheast Community Bancorp, Inc.3.86%$0.8827.20%
SCSCXTouchstone Large Cap Focused Fund Class C3.86%$2.8037.43%
BBWIBath & Body Works, Inc.3.85%$0.8024.18%
BHBBar Harbor Bankshares3.85%$1.2054.11%
UGIUGI Corporation3.85%$1.4547.35%