It Might Not Be A Great Idea To Buy Wasu Media Holding Co.,Ltd (SZSE:000156) For Its Next Dividend
It Might Not Be A Great Idea To Buy Wasu Media Holding Co.,Ltd (SZSE:000156) For Its Next Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Wasu Media Holding Co.,Ltd (SZSE:000156) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Wasu Media HoldingLtd's shares on or after the 26th of August will not receive the dividend, which will be paid on the 26th of August.
常规读者会知道我们非常喜爱我们在Simply Wall St的分红派息,因此令人兴奋的是,华数传媒控股股份有限公司(SZSE:000156)将在接下来的四天内进行除权交易。 除权交易日是股东权益登记日的前一个营业日,这是股东需要出现在公司账簿上以有资格获得分红支付的截止日期。 除权交易日非常重要,因为结算过程包括两个完整的营业日。因此,如果您错过了该日期,则在股东权益登记日时将不会出现在公司账簿上。这意味着在8月26日或之后购买华数传媒控股股份有限公司的股票的投资者将无法获得将于8月26日支付的股息。
The company's next dividend payment will be CN¥0.22 per share, and in the last 12 months, the company paid a total of CN¥0.22 per share. Looking at the last 12 months of distributions, Wasu Media HoldingLtd has a trailing yield of approximately 3.4% on its current stock price of CN¥6.40. If you buy this business for its dividend, you should have an idea of whether Wasu Media HoldingLtd's dividend is reliable and sustainable. So we need to investigate whether Wasu Media HoldingLtd can afford its dividend, and if the dividend could grow.
公司的下一个分红派息将为人民币0.22元每股,过去12个月,该公司每股总共支付了人民币0.22元。看着过去12个月的分红,华数传媒控股股份有限公司的股息收益率大约为其当前股价6.40元的3.4%。如果是因为分红而购买该业务,您应该了解华数传媒控股股份有限公司的分红是否可靠和可持续。因此,我们需要调查华数传媒控股股份有限公司是否可以负担得起其分红,以及其是否可以增长。
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Wasu Media HoldingLtd paid out more than half (72%) of its earnings last year, which is a regular payout ratio for most companies. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Over the past year it paid out 172% of its free cash flow as dividends, which is uncomfortably high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.
通常,分红是从公司利润中支付的,因此,如果一家公司支付超出其赚取的金额,则其分红通常更容易被削减。华数传媒控股股份有限公司去年支付的超过一半(72%)的盈利,这是大多数公司的常规支付比率。然而,对于评估分红可持续性来说,现金流通常比利润更重要,因此我们应该始终检查公司是否产生了足够的现金来支付其分红。在过去的一年中,它支付了其自由现金流的172%作为分红,这是非常高的。我们对公司为什么去年支付的现金超过其生成的现金感到好奇,因为这可能是分红不可持续的早期迹象之一。
Wasu Media HoldingLtd does have a large net cash position on the balance sheet, which could fund large dividends for a time, if the company so chose. Still, smart investors know that it is better to assess dividends relative to the cash and profit generated by the business. Paying dividends out of cash on the balance sheet is not long-term sustainable.
华数传媒在资产负债表上确实有大量净现金,可以用来支付大额分红一段时间,如果公司选择这样做。不过,聪明的投资者知道,最好是根据业务产生的现金和利润来评估分红。从资产负债表上的现金支付分红并不具有长期可持续性。
Wasu Media HoldingLtd paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Wasu Media HoldingLtd's ability to maintain its dividend.
华数传媒支付的分红比利润报告中的分红要少,但不幸的是公司产生的现金不足以支付分红。如果这种情况反复发生,将会对华数传媒维持分红的能力构成风险。
Click here to see how much of its profit Wasu Media HoldingLtd paid out over the last 12 months.
点击这里查看华数传媒过去12个月支付了多少利润。
![1724281559248](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240822/42691081-0-5501a9f5c340c5ae96ea36c10b8c70a2.webp/bigjpg)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
When earnings decline, dividend companies become much harder to analyse and own safely. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. Readers will understand then, why we're concerned to see Wasu Media HoldingLtd's earnings per share have dropped 8.4% a year over the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.
当盈利下降时,分红公司变得更难分析和安全拥有。投资者喜爱分红,因此如果盈利下降而分红减少,可以预期股票会同时遭到大规模出售。读者将明白,我们之所以担心华数传媒的每股收益在过去五年下降了8.4%。最终,当每股盈利下降时,可用于支付分红的利润总额也在缩水。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past eight years, Wasu Media HoldingLtd has increased its dividend at approximately 26% a year on average. That's interesting, but the combination of a growing dividend despite declining earnings can typically only be achieved by paying out more of the company's profits. This can be valuable for shareholders, but it can't go on forever.
大多数投资者评估公司的分红前景的主要方法是检查历史分红增长率。在过去的八年中,华数传媒的分红平均每年增长约26%。这很有趣,但尽管盈利下降,分红依然增长,通常只能通过支付更多的公司利润来实现。这对股东是有价值的,但这种情况不可能永远持续。
To Sum It Up
总结一下
Has Wasu Media HoldingLtd got what it takes to maintain its dividend payments? It's definitely not great to see earnings per share shrinking. The company paid out an acceptable percentage of its income, but an uncomfortably high percentage of its cash flow over the past year. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.
华数传媒有能力维持其分红支付吗?看到每股收益在下降确实不理想。公司过去一年支付的所得百分比可接受,但现金流支付百分比过高,令人不安。这对于分红来说不是一个吸引人的组合,因此我们倾向于暂时放弃这个。
Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Wasu Media HoldingLtd. Our analysis shows 2 warning signs for Wasu Media HoldingLtd that we strongly recommend you have a look at before investing in the company.
话虽如此,如果您在看待这支股票时并不太关心分红,您仍应该熟悉华数传媒涉及的风险。我们的分析显示,华数传媒有2个警示信号,强烈建议您在投资公司之前对此进行审查。
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
一般来说,我们不建议仅仅购买第一个股息股票。下面是一个经过策划的有趣的、股息表现良好的股票清单。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。