Sa Sa International paid a total dividend of 1,392 million HKD last year, for a market capitalization of 9,179 millions.
Dividend per share of Sa Sa International is 0.47 HKD, and his stock market price 3.10 HKD.
According to the chart, where dividend yield is displayed, Sa Sa International has a dividend yield of 15.16%, which is higher than the amount offered by both the market average and companies from Hong-Kong. It is also bigger than average of Consumer Services 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 Sa Sa International to maintain his current dividend of HKD 0.47 per share, an amount that accounts for 15.16%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Sa Sa International payout on ernings is currently 361.54%, which is higher than the market average, and companies of Consumer Services industry, which are 40.24% and 41.59% respectively. Both figures show that Sa Sa International 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 Sa Sa International is HKD 0.20 per share, which is lower than the dividend per share paid by the company of HKD 0.47, so the company does not generate enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Sa Sa International, compared againt world market average, Hong-Kong companies, Consumer Services industry and General Retailers sector companies. You might also need to check full financial report of Sa Sa International.
S1 Corporation. Korea. Industrials.S-Oil Corp.. Korea. Oil and Gas.Ryohin Keikaku. Japan. Consumer Services.Ryman Healthcare. New Zealand. Health Care.Ryder System. USA. Industrials.Ryanair Holdings. Ireland. Consumer Services.
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