Asahi Glass Dividend yield




   JPY/share 
 Price  4,630.00
 Dividend  119.92
 Earnings  195.36
 Cash-flow  1,006.52
 Book value  5,144.44
 Equity  5,141.05

Asahi Glass is part of Construction and Materials business, which is part of Industrials industry. Asahi Glass is a company from Japan, and his stocks are publicly traded.

Asahi Glass paid a total dividend of 26,622 million JPY last year, for a market value of 1,027,860 millions (Market Cap 851,474 millions). Dividend per share of Asahi Glass is 119.92 JPY, and his stock market price 4,630.00 JPY.

According to the chart below, where dividend yield is displayed, Asahi Glass has a dividend yield of 2.59%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Industrials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Asahi Glass dividend yield with other Construction and Materials companies or firms from Japan.

Dividend yield of Asahi Glass

Asahi Glass Dividend Payout

About the ability of Asahi Glass to maintain his current dividend of JPY 119.92 per share, an amount that accounts for 2.59%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Asahi Glass payout on ernings is currently 61.38%, which is higher than the market average, and companies of Industrials industry, which are 38.17% and 33.06% respectively. Both figures show that Asahi Glass 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 Asahi Glass is JPY 1,006.52 per share, which is higher than the dividend per share paid by the company of JPY 119.92, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Asahi Glass, compared againt world market average, Japan companies, Industrials industry and Construction and Materials sector companies.

Asahi Glass payout

Asahi Glass Dividend History

Year Yield  JPY  Paypout  Shares* 
Present2.59%119.9261.38%222
20203.33%119.8849.28%222
20193.05%119.8727.15%222
20183.21%110.1031.14%222
20171.84%89.7938.09%231
20162.42%17.9841.62%1,156
20152.49%18.0390.65%1,156

*In millions

Asahi Glass Stock performance

Finally, last moth Asahi Glass showed a return of 18.70% compared to a worldwide 4.24% average, and a 5.39% of Industrials firms. Over the last year, the company obtained a 74.10% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for Japan and Construction and Materials firms.

Asahi Glass stock and market return