Showa Denko Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   JPY per share 
 Price  3,270.00
 Dividend  120.01
 Earnings  225.52
 Cash-flow  460.56
 Book value  2,335.71
 Equity  2,168.46

Showa Denko is part of Chemicals business, which is part of Basic Materials industry. Showa Denko is a company from Japan, and his stocks are publicly traded.

Showa Denko paid a total dividend of 17,881 million JPY last year, for a market value of 487,230 millions (Market Cap 476,281 millions). Dividend per share of Showa Denko is 120.01 JPY, and his stock market price 3,270.00 JPY.

According to the chart below, where dividend yield is displayed, Showa Denko has a dividend yield of 3.67%, which is similar to the amount offered by both the market average and companies from Japan. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Showa Denko dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Showa Denko

Showa Denko Dividend Payout

About the ability of Showa Denko to maintain his current dividend of JPY 120.01 per share, an amount that accounts for 3.67%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Showa Denko payout on ernings is currently 53.21%, which is higher than the market average, and companies of Basic Materials industry, which are 40.41% and 46.31% respectively. Both figures show that Showa Denko 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 last amount the one which can be distributed to shareholders. Cash flow per share of Showa Denko is JPY 460.56 per share, which is higher than the dividend per share paid by the company of JPY 120.01, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Showa Denko, compared againt world market average, Japan companies, Basic Materials industry and Chemicals sector companies.

Showa Denko payout

Showa Denko Stock performance

Finally, last moth Showa Denko showed a return of -28.10% compared to a worldwide -5.60% average, and a -3.44% of Basic Materials firms. Over the last year, the company obtained a -32.10% versus a worldwide performance of a -11.41%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Showa Denko stock and market return

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