Here's Why We're Wary Of Buying Bestsun Energy's (SHSE:600681) For Its Upcoming Dividend
Here's Why We're Wary Of Buying Bestsun Energy's (SHSE:600681) For Its Upcoming Dividend
It looks like Bestsun Energy Co., Ltd. (SHSE:600681) is about to go ex-dividend in the next 3 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase Bestsun Energy's shares on or after the 25th of April will not receive the dividend, which will be paid on the 25th of April.
看起來像 百盛能源有限公司 (SHSE: 600681)即將在未來3天內進行除息。除息日爲記錄日期的前一天,即股東需要在公司賬簿上登記才能獲得股息的那一天。除息日之所以如此,是因爲每當買入或賣出股票時,交易至少需要兩個工作日才能結算。這意味着在4月25日當天或之後購買Bestsun Energy股票的投資者將不會獲得股息,股息將在4月25日支付。
The company's next dividend payment will be CN¥0.15 per share. Last year, in total, the company distributed CN¥0.30 to shareholders. Last year's total dividend payments show that Bestsun Energy has a trailing yield of 6.9% on the current share price of CN¥4.33. If you buy this business for its dividend, you should have an idea of whether Bestsun Energy's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
該公司的下一次股息將爲每股0.15人民幣。去年,該公司總共向股東分配了0.30元人民幣。去年的股息支付總額顯示,Bestsun Energy的後續收益率爲6.9%,而目前的股價爲4.33元人民幣。如果你收購這家企業是爲了分紅,你應該知道Bestsun Energy的股息是否可靠和可持續。因此,我們需要檢查股息支付是否在承保範圍內,以及收益是否在增長。
See our latest analysis for Bestsun Energy
查看我們對Bestsun Energy的最新分析
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year Bestsun Energy paid out 104% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. 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. It paid out an unsustainably high 228% of its free cash flow as dividends over the past 12 months, which is worrying. It's pretty hard to pay out more than you earn, so we wonder how Bestsun Energy intends to continue funding this dividend, or if it could be forced to cut the payment.
如果一家公司支付的股息多於所賺取的股息,那麼分紅可能會變得不可持續,這並不是一個理想的情況。去年,Bestsun Energy將其利潤的104%作爲股息支付給了股東,這表明收益無法很好地彌補股息。然而,在評估股息可持續性方面,現金流通常比利潤更重要,因此我們應始終檢查公司是否產生了足夠的現金來支付股息。在過去的12個月中,它將自由現金流的228%作爲股息支付了不可持續的高位,這令人擔憂。支付超過收入的費用相當困難,因此我們想知道Bestsun Energy打算如何繼續爲這筆分紅提供資金,或者是否可能被迫削減分紅。
Cash is slightly more important than profit from a dividend perspective, but given Bestsun Energy's payments were not well covered by either earnings or cash flow, we are concerned about the sustainability of this dividend.
從股息的角度來看,現金略高於利潤,但鑑於Bestsun Energy的付款並未被收益或現金流充分支付,我們對分紅的可持續性感到擔憂。
Click here to see how much of its profit Bestsun Energy paid out over the last 12 months.
點擊此處查看Bestsun Energy在過去12個月中支付了多少利潤。
![historic-dividend](https://usnewsfile.moomoo.com/pic/0-94c657afd7c4f265ad6ba23ee5c8ee22-0-d9752870a7fb2ccb231dc26960e5aad1.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Readers will understand then, why we're concerned to see Bestsun Energy's earnings per share have dropped 14% a year over the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
從股息的角度來看,收益萎縮的企業很棘手。如果業務進入低迷狀態並削減股息,該公司的價值可能會急劇下降。屆時,讀者就會明白,爲甚麼我們擔心Bestsun Energy的每股收益在過去五年中每年下降14%。如此急劇的下降使人們對分紅的未來可持續性產生了懷疑。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Bestsun Energy has seen its dividend decline 1.4% per annum on average over the past five years, which is not great to see.
許多投資者將通過評估股息支付隨着時間的推移發生了多大變化來評估公司的股息表現。在過去五年中,Bestsun Energy的股息平均每年下降1.4%,這並不好看。
To Sum It Up
總結一下
From a dividend perspective, should investors buy or avoid Bestsun Energy? Not only are earnings per share declining, but Bestsun Energy is paying out an uncomfortably high percentage of both its earnings and cashflow to shareholders as dividends. This is a clearly suboptimal combination that usually suggests the dividend is at risk of being cut. If not now, then perhaps in the future. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of Bestsun Energy.
從股息的角度來看,投資者應該買入還是避開Bestsun Energy?不僅每股收益下降,而且Bestsun Energy將其收益和現金流中的高比例作爲股息支付給股東,令人不安。這顯然是一個次優組合,通常表明股息有被削減的風險。如果不是現在,那麼也許在將來。從股息的角度來看,隨着情況的發展,我們傾向於避開Bestsun Energy。
Although, if you're still interested in Bestsun Energy and want to know more, you'll find it very useful to know what risks this stock faces. To that end, you should learn about the 3 warning signs we've spotted with Bestsun Energy (including 2 which don't sit too well with us).
但是,如果你仍然對Bestsun Energy感興趣並想了解更多,你會發現瞭解這隻股票面臨的風險非常有用。爲此,你應該瞭解 3 個警告標誌 我們發現了 Bestsun Energy(包括 2 個對我們來說不太合適)。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一個常見的投資錯誤是買入你看到的第一隻有趣的股票。在這裏你可以找到 高收益股息股票的完整清單。
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Simply Wall St 的這篇文章本質上是一般性的。 我們僅使用不偏不倚的方法根據歷史數據和分析師預測提供評論,我們的文章並非旨在提供財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能未將最新的價格敏感型公司公告或定性材料考慮在內。簡而言之,華爾街對上述任何股票都沒有頭寸。