Don't Race Out To Buy Hangzhou Electronic Soul Network Technology Co., Ltd. (SHSE:603258) Just Because It's Going Ex-Dividend
Don't Race Out To Buy Hangzhou Electronic Soul Network Technology Co., Ltd. (SHSE:603258) Just Because It's Going Ex-Dividend
Hangzhou Electronic Soul Network Technology Co., Ltd. (SHSE:603258) is about to trade ex-dividend in the next two 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. Accordingly, Hangzhou Electronic Soul Network Technology investors that purchase the stock on or after the 17th of October will not receive the dividend, which will be paid on the 17th of October.
杭州电子灵网络技术有限公司(SHSE: 603258)即将在未来两天进行除息交易。除息日是记录日期前的一个工作日,这是股东在公司账簿上有资格获得股息的截止日期。除息日很重要,因为结算过程涉及两个完整的工作日。因此,如果你错过了那个日期,你就不会在记录的日期出现在公司的账簿上。因此,在10月17日当天或之后购买股票的杭州电子灵网络科技投资者将不会获得股息,股息将在10月17日支付。
The company's next dividend payment will be CN¥0.232 per share, and in the last 12 months, the company paid a total of CN¥0.21 per share. Last year's total dividend payments show that Hangzhou Electronic Soul Network Technology has a trailing yield of 1.3% on the current share price of CN¥17.81. If you buy this business for its dividend, you should have an idea of whether Hangzhou Electronic Soul Network Technology's dividend is reliable and sustainable. So we need to investigate whether Hangzhou Electronic Soul Network Technology can afford its dividend, and if the dividend could grow.
该公司的下一次股息将为每股0.232元人民币,在过去的12个月中,该公司共支付了每股0.21元人民币。去年的股息支付总额显示,杭州电子魂网络科技的尾随收益率为1.3%,而目前的股价为17.81元人民币。如果你收购这家企业是为了分红,你应该知道杭州电子灵网络科技的分红是否可靠和可持续。因此,我们需要调查杭州电子灵网络科技能否负担得起股息,以及股息是否可以增长。
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. An unusually high payout ratio of 361% of its profit suggests something is happening other than the usual distribution of profits to shareholders. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 44% of its free cash flow in the past year.
股息通常从公司收入中支付,因此,如果公司支付的股息超过其收入,则其股息被削减的风险通常更高。其利润的361%的异常高的派息率表明除了向股东分配利润外,还有其他事情正在发生。话虽如此,即使是高利润的公司有时也可能无法产生足够的现金来支付股息,这就是为什么我们应该始终检查股息是否由现金流支付。幸运的是,在过去的一年中,它仅支付了自由现金流的44%。
It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Hangzhou Electronic Soul Network Technology fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.
令人失望的是,股息没有由利润支付,但从股息可持续性的角度来看,现金更为重要,幸运的是,杭州电子灵网络科技确实产生了足够的现金来为其分红提供资金。如果高管支付的股息继续超过公司公布的利润,我们会将其视为警告信号。极少有公司能够持续支付高于其利润的股息。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
点击此处查看该公司的派息率,以及分析师对其未来股息的估计。
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. If earnings fall far enough, the company could be forced to cut its dividend. Readers will understand then, why we're concerned to see Hangzhou Electronic Soul Network Technology's earnings per share have dropped 26% a year over the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
当收益下降时,股息公司变得更加难以分析和安全拥有。如果收益下降得足够远,该公司可能被迫削减股息。届时,读者就会明白,为什么我们担心杭州电子灵网络科技的每股收益在过去五年中每年下降26%。如此急剧的下降使人们对股息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. Hangzhou Electronic Soul Network Technology's dividend payments per share have declined at 8.0% per year on average over the past seven years, which is uninspiring. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.
许多投资者将通过评估股息支付在一段时间内发生了多大变化来评估公司的股息表现。在过去的七年中,杭州电子魂网络科技的每股股息平均每年下降8.0%,这并不令人鼓舞。看到收益和股息下降从来都不是一件好事,但至少管理层削减了股息,而不是冒着公司的健康风险来维持股息。
To Sum It Up
总结一下
Has Hangzhou Electronic Soul Network Technology got what it takes to maintain its dividend payments? It's never great to see earnings per share declining, especially when a company is paying out 361% of its profit as dividends, which we feel is uncomfortably high. Yet cashflow was much stronger, which makes us wonder if there are some large timing issues in Hangzhou Electronic Soul Network Technology's cash flows, or perhaps the company has written down some assets aggressively, reducing its income. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.
杭州电子灵网络科技有能力维持其股息支付吗?每股收益下降从来都不是一件好事,尤其是当一家公司将其利润的361%作为股息支付时,我们认为股息之高令人不安。然而,现金流要强得多,这让我们怀疑杭州电魂网络科技的现金流中是否存在一些重大时机问题,或者该公司是否积极减记了一些资产,从而减少了收入。从股息的角度来看,这不是一个有吸引力的组合,我们倾向于暂时放弃这个组合。
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 Hangzhou Electronic Soul Network Technology. Case in point: We've spotted 3 warning signs for Hangzhou Electronic Soul Network Technology you should be aware of.
话虽如此,如果你在看这只股票时不太担心分红,你仍然应该熟悉杭州电子魂网络科技所涉及的风险。一个很好的例子:我们已经发现了你应该注意的杭州电子灵网络科技的3个警告信号。
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笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。