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.
看起来像 百盛能源有限公司 (SHSE: 600681)即将在未来3天内进行除息。除息日为记录日期的前一天,即股东需要在公司账簿上登记才能获得股息的那一天。除息日之所以如此,是因为每当买入或卖出股票时,交易至少需要两个工作日才能结算。这意味着在4月25日当天或之后购买Bestsun Energy股票的投资者将不会获得股息,股息将在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.
该公司的下一次股息将为每股0.15人民币。去年,该公司总共向股东分配了0.30元人民币。去年的股息支付总额显示,Bestsun Energy的后续收益率为6.9%,而目前的股价为4.33元人民币。如果你收购这家企业是为了分红,你应该知道Bestsun Energy的股息是否可靠和可持续。因此,我们需要检查股息支付是否在承保范围内,以及收益是否在增长。
See our latest analysis for Bestsun Energy
查看我们对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于所赚取的股息,那么分红可能会变得不可持续,这并不是一个理想的情况。去年,Bestsun Energy将其利润的104%作为股息支付给了股东,这表明收益无法很好地弥补股息。然而,在评估股息可持续性方面,现金流通常比利润更重要,因此我们应始终检查公司是否产生了足够的现金来支付股息。在过去的12个月中,它将自由现金流的228%作为股息支付了不可持续的高位,这令人担忧。支付超过收入的费用相当困难,因此我们想知道Bestsun Energy打算如何继续为这笔分红提供资金,或者是否可能被迫削减分红。
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.
从股息的角度来看,现金略高于利润,但鉴于Bestsun Energy的付款并未被收益或现金流充分支付,我们对分红的可持续性感到担忧。
Click here to see how much of its profit Bestsun Energy paid out over the last 12 months.
点击此处查看Bestsun Energy在过去12个月中支付了多少利润。
![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长吗?
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.
从股息的角度来看,收益萎缩的企业很棘手。如果业务进入低迷状态并削减股息,该公司的价值可能会急剧下降。届时,读者就会明白,为什么我们担心Bestsun Energy的每股收益在过去五年中每年下降14%。如此急剧的下降使人们对分红的未来可持续性产生了怀疑。
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.
许多投资者将通过评估股息支付随着时间的推移发生了多大变化来评估公司的股息表现。在过去五年中,Bestsun Energy的股息平均每年下降1.4%,这并不好看。
To Sum It Up
总结一下
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.
从股息的角度来看,投资者应该买入还是避开Bestsun Energy?不仅每股收益下降,而且Bestsun Energy将其收益和现金流中的高比例作为股息支付给股东,令人不安。这显然是一个次优组合,通常表明股息有被削减的风险。如果不是现在,那么也许在将来。从股息的角度来看,随着情况的发展,我们倾向于避开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,如果你仍然对Bestsun Energy感兴趣并想了解更多,你会发现了解这只股票面临的风险非常有用。为此,你应该了解 3 个警告标志 我们发现了 Bestsun Energy(包括 2 个对我们来说不太合适)。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一个常见的投资错误是买入你看到的第一只有趣的股票。在这里你可以找到 高收益股息股票的完整清单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论,我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。