Read This Before Considering Shenzhen Aisidi Co., Ltd. (SZSE:002416) For Its Upcoming CN¥0.40 Dividend
Read This Before Considering Shenzhen Aisidi Co., Ltd. (SZSE:002416) For Its Upcoming CN¥0.40 Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Shenzhen Aisidi Co., Ltd. (SZSE:002416) is about to trade ex-dividend in the next three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. 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. Meaning, you will need to purchase Shenzhen Aisidi's shares before the 30th of May to receive the dividend, which will be paid on the 30th of May.
普通讀者會知道我們喜歡Simply Wall St的股息,這就是爲什麼看到深圳愛西迪有限公司(SZSE:002416)即將在未來三天進行除息交易令人興奮。通常,除息日是記錄日期前一個工作日,即公司確定有資格獲得股息的股東的日期。除息日很重要,因爲結算過程涉及兩個完整的工作日。因此,如果你錯過了那個日期,你就不會在記錄的日期出現在公司的賬簿上。這意味着,您需要在5月30日之前購買深圳愛西迪的股票才能獲得股息,股息將在5月30日支付。
The company's next dividend payment will be CN¥0.40 per share. Last year, in total, the company distributed CN¥0.40 to shareholders. Calculating the last year's worth of payments shows that Shenzhen Aisidi has a trailing yield of 3.8% on the current share price of CN¥10.39. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
該公司的下一次股息將爲每股0.40元人民幣。去年,該公司總共向股東分配了0.40元人民幣。計算去年的付款額顯示,深圳愛西迪的追蹤收益率爲3.8%,而目前的股價爲10.39元人民幣。股息是許多股東的重要收入來源,但業務的健康狀況對於維持這些股息至關重要。這就是爲什麼我們應該經常檢查股息支付是否可持續,以及公司是否在增長。
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Its dividend payout ratio is 76% of profit, which means the company is paying out a majority of its earnings. The relatively limited profit reinvestment could slow the rate of future earnings growth. It could become a concern if earnings started to decline. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. It paid out 91% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Companies usually need cash more than they need earnings - expenses don't pay themselves - so it's not great to see it paying out so much of its cash flow.
股息通常從公司收益中支付。如果一家公司支付的股息超過其利潤,那麼分紅可能是不可持續的。其股息支付率爲利潤的76%,這意味着該公司正在支付其大部分收益。相對有限的利潤再投資可能會減緩未來的收益增長速度。如果收益開始下降,這可能會成爲一個問題。然而,對於評估股息而言,現金流比利潤更爲重要,因此我們需要查看公司是否產生了足夠的現金來支付分紅。去年,它以股息的形式支付了91%的自由現金流,這對於大多數企業來說超出了舒適範圍。公司對現金的需求通常比他們需要的收入還要多——支出不能自己支付——因此,看到它支付這麼多的現金流並不是一件好事。
While Shenzhen Aisidi's dividends were covered by the company's reported profits, cash is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Cash is king, as they say, and were Shenzhen Aisidi to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
儘管深圳愛西迪的股息由該公司報告的利潤支付,但現金更爲重要,因此看到該公司沒有足夠的現金來支付股息並不令人滿意。正如他們所說,現金爲王,如果深圳愛西迪反覆派發現金流無法充分覆蓋的股息,我們會認爲這是一個警告信號。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240526/0-8ceb151410cb112f3de0b334af57b80e-0-9b5d25e17ef3ed78904aae02b0ccd184.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see Shenzhen Aisidi has grown its earnings rapidly, up 23% a year for the past five years. Earnings have been growing quickly, but we're concerned dividend payments consumed most of the company's cash flow over the past year.
增長前景強勁的企業通常是最佳的股息支付者,因爲當每股收益改善時,更容易增加股息。如果業務陷入低迷並削減股息,該公司的價值可能會急劇下降。令人鼓舞的是,深圳愛西迪的收益迅速增長,在過去五年中每年增長23%。收益一直在快速增長,但我們擔心股息支付在過去一年中消耗了公司的大部分現金流。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, Shenzhen Aisidi has lifted its dividend by approximately 12% a year on average. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
許多投資者將通過評估股息支付在一段時間內發生了多大變化來評估公司的股息表現。自10年前我們的數據開始以來,深圳愛西迪的股息平均每年提高約12%。很高興看到每股收益在幾年內迅速增長,每股股息也隨之增長。
The Bottom Line
底線
Should investors buy Shenzhen Aisidi for the upcoming dividend? It's good to see that earnings per share are growing and that the company's payout ratio is within a normal range for most businesses. However we're somewhat concerned that it paid out 91% of its cashflow, which is uncomfortably high. In summary, while it has some positive characteristics, we're not inclined to race out and buy Shenzhen Aisidi today.
投資者是否應該爲即將到來的股息買入深圳愛西迪?很高興看到每股收益正在增長,並且該公司的派息率在大多數企業的正常範圍內。但是,我們有點擔心它支付了91%的現金流,這高得令人不安。總而言之,儘管它有一些積極的特徵,但我們今天不傾向於競相收購深圳愛西迪。
If you're not too concerned about Shenzhen Aisidi's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. Our analysis shows 1 warning sign for Shenzhen Aisidi and you should be aware of it before buying any shares.
如果你不太擔心深圳愛西迪的分紅能力,你仍然應該注意該業務面臨的其他一些風險。我們的分析顯示深圳愛西迪有1個警告信號,在購買任何股票之前,您應該注意這一點。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您在市場上尋找強勁的股息支付者,我們建議您查看我們精選的頂級股息股票。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。