|HKD per share|
Guangzhou Automobile paid a total dividend of 531 million HKD last year, for a market capitalization of 27,530 millions. Dividend per share of Guangzhou Automobile is 0.24 HKD, and his stock market price 12.44 HKD.
According to the chart below, where dividend yield is displayed, Guangzhou Automobile has a dividend yield of 1.90%, lower than the amount offered by both the market average and companies from China. It is also lower than average of Consumer Goods industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Guangzhou Automobile to maintain his current dividend of HKD 0.24 per share, an amount that accounts for 1.90%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Guangzhou Automobile payout on ernings is currently 27.27%, which is lower than the market average and companies of Consumer Goods industry, which are 39.68% and 38.65% respectively. Both figures lead us to believe that there is confidence that Guangzhou Automobilecan maintain his current dividend.
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 Guangzhou Automobile is HKD 1.41 per share, which is higher than the dividend per share paid by the company of HKD 0.24, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Guangzhou Automobile, compared againt world market average, China companies, Consumer Goods industry and Automobiles and Parts sector companies. You might also need to check full financial report of Guangzhou Automobile.
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