Do These 3 Checks Before Buying Perfect Group International Holdings Limited (HKG:3326) For Its Upcoming Dividend
Do These 3 Checks Before Buying Perfect Group International Holdings Limited (HKG:3326) For Its Upcoming Dividend
Readers hoping to buy Perfect Group International Holdings Limited (HKG:3326) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Perfect Group International Holdings' shares before the 5th of June in order to receive the dividend, which the company will pay on the 19th of June.
希望購買保發集團國際控股有限公司(HKG: 3326)的讀者需要儘快採取行動,因爲該股票即將在除息日交易。通常,除息日期是記錄日的前一個工作日,記錄日是公司確定有權獲得股息的股東的日期。除息日是一個重要日期,因爲在此日期之後或購買股票可能意味着遲到的結算,這不會在記錄日上顯示。因此,您可以在6月5日之前買入保發集團國際控股的股票,以獲得將於6月19日支付的分紅。
The company's next dividend payment will be HK$0.02 per share, on the back of last year when the company paid a total of HK$0.02 to shareholders. Looking at the last 12 months of distributions, Perfect Group International Holdings has a trailing yield of approximately 9.3% on its current stock price of HK$0.214. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
該公司的下一個分紅派息是每股港元0.02元,去年公司總共向股東支付了港元0.02元。如果看過去12個月的股息分配,保發集團的股票相對當前股價0.214港元的股息率約爲9.3%。對於長揸者而言,股息分配是投資回報的一大貢獻者,但前提是公司需要繼續支付股息。我們需要查看分紅是否由盈利覆蓋並且是否正在增長。
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. It paid out 78% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. We'd be concerned if earnings began to decline. 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 110% 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.
分紅往往是通過公司盈利支付的。如果一家公司支付的股息超過了其利潤,那麼這個股息可能是不可持續的。它去年將其盈利的78%分配爲股息,這並不算不合理,但限制了業務再投資並使股息容易受到蕭條的影響。如果盈利開始下降,我們將會很擔心。然而,自由現金流通常比利潤更重要,因此我們必須始終檢查公司是否產生了足夠的現金來支付其股息。過去一年內,保發集團將其自由現金流的110%用於股息分配,這是不舒適的高水平。我們很想知道爲什麼公司去年支付的現金超過了其產生的現金,因爲這可能是股息不可持續的早期跡象之一。
Perfect Group International Holdings 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.
保發集團在資產負債表上擁有大量淨現金,如果公司選擇,可以爲一段時間內的大量分紅提供資金。然而,明智的投資者知道,最好相對於業務所產生的現金和利潤來評估股息。通過在資產負債表上的現金支付股息並不是長期可持續的。
While Perfect Group International Holdings'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 Perfect Group International Holdings to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
雖然保發集團的股息分配是由其報告的利潤所覆蓋的,但現金流略微更加重要,因此看到該公司沒有產生足夠的現金來支付股息並不是好兆頭。衆所周知,“現金就是王者”,如果保發集團反覆支付未被現金流覆蓋的股息,我們將把這看作一個警告信號。
Click here to see how much of its profit Perfect Group International Holdings paid out over the last 12 months.
點擊這裏查看保發集團過去12個月支付的利潤佔比。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240601/0-bd43214ec0b4f3b6a6d36a5a43eaa30d-0-9c041938ac086ee5c4f0601f5b9f5e59.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
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. With that in mind, we're discomforted by Perfect Group International Holdings's 8.9% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
當收益下降時,股息公司變得更加難以分析和安全擁有。投資者熱愛股息,因此如果盈利下降且股息減少,預計股票會同時出現大量拋售。鑑於此,我們對保發集團過去五年中收益以8.9%的年均速度下降感到不安。這樣急劇的下降會對股息的未來可持續性產生質疑。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Perfect Group International Holdings's dividend payments are broadly unchanged compared to where they were eight years ago. If a company's dividend stays flat while earnings are in decline, this is typically a sign that it is paying out a larger percentage of its earnings. This can become unsustainable if earnings fall far enough.
大多數投資者評估公司股息前景的主要方法是檢查歷史的股息增長率。相比八年前,保發集團的股息支付基本不變。如果公司的股息保持不變,而收益卻在下降,這通常意味着其支付的股息佔其收益的比例更大。如果收益下降到足夠低,這將無法持續。
Final Takeaway
最後的結論
Has Perfect Group International Holdings got what it takes to maintain its dividend payments? Perfect Group International Holdings had an average payout ratio, but its free cash flow was lower and earnings per share have been declining. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of Perfect Group International Holdings.
保發集團的平均派息比率不錯,但其自由現金流較低且每股收益持續下降。考慮到股息的視角,我們會傾向於遠離保發集團。
So if you're still interested in Perfect Group International Holdings despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. Our analysis shows 3 warning signs for Perfect Group International Holdings that we strongly recommend you have a look at before investing in the company.
因此,即使它的股息質量較差,如果你仍然對保發集團感興趣,你應該對一些面臨的風險有所了解。我們的分析顯示,保發集團存在3個警示信號,強烈建議您在投資該公司之前仔細查看。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果你在尋找強勁的股息支付者,我們建議查看我們的頂級股息股票選擇。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。