|THB per share|
Glow Energy paid a total dividend of 5,179 million THB last year, for a market capitalization of 120,698 millions. Dividend per share of Glow Energy is 3.54 THB, and his stock market price 82.50 THB.
According to the chart below, where dividend yield is displayed, Glow Energy has a dividend yield of 4.29%, which is higher than the amount offered by both the market average and companies from Thailand. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
About the ability of Glow Energy to maintain his current dividend of THB 3.54 per share, an amount that accounts for 4.29%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Glow Energy payout on ernings is currently 55.75%, which is higher than the market average, and companies of Utilities industry, which are 39.68% and 48.76% respectively. Both figures show that Glow Energy can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Glow Energy is THB 10.44 per share, which is higher than the dividend per share paid by the company of THB 3.54, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Glow Energy, compared againt world market average, Thailand companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Glow Energy.
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