Pfizer: A 6% Yielding Value Deal

The Asian Investor
29.11K Followers
(7min)

Summary

  • Pfizer remains an attractive capital return play with a 10X P/E ratio, despite concerns about post-COVID revenue declines.
  • The oncology business shows promising growth, particularly with products like Xtandi and Lobrena, supporting Pfizer's long-term potential.
  • Pfizer's guidance for FY 2024 EPS has been raised, indicating strong earnings potential and undervaluation by the market.
  • Pfizer's shares pay a healthy 6% yield and the dividend is growing.

New York during the COVID-19 emergency.

Massimo Giachetti

Shares of Pfizer (NYSE:PFE) have gone nowhere this year, in large part because investors feared a revenue cliff with regard to the company’s COVID-19 products. Although shares have widely disappointed in 2024, I believe Pfizer remains an attractive capital

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of PFE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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