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Operations: Asia Pile Holdings Corporation generates its revenue primarily from the foundation construction sector in Japan and Vietnam.

Dividend Yield: 3.1%

Asia Pile Holdings offers a dividend yield of 3.1%, with dividends showing stability and growth over the past decade. However, these payments are not well supported by earnings or cash flows, as indicated by a high cash payout ratio of 191.1%. The company trades at a favorable price-to-earnings ratio of 9.6x, below the Japanese market average. Earnings are expected to grow modestly at 2.31% annually, but the current dividend sustainability is questionable due to financial coverage concerns.

• Take a closer look at Asia Pile Holdings' potential here in our dividend report.

• Our comprehensive valuation report raises the possibility that Asia Pile Holdings is priced lower than what may be justified by its financials.

Chubu Steel Plate

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Chubu Steel Plate Co., Ltd. operates primarily in Japan, focusing on the manufacture and sale of steel plates, with a market capitalization of approximately ¥70.48 billion.

Operations: Chubu Steel Plate Co., Ltd. generates its revenue primarily through the production and sales of steel plates in Japan.

Dividend Yield: 3.3%

Chubu Steel Plate has demonstrated a mixed track record with its dividends, showing growth over the past decade but also significant volatility, including annual drops over 20%. Despite a low payout ratio of 39%, suggesting initial coverage by earnings, further analysis indicates these dividends aren't well supported by cash flows, with a high cash payout ratio of 213.2%. Additionally, while the company's price-to-earnings ratio stands at an attractive 9.9x compared to the Japanese market average of 14.5x, recent share buybacks totaling ¥1.30 billion might indicate efforts to stabilize or enhance shareholder value amidst underlying dividend payment concerns.

• Click here to discover the nuances of Chubu Steel Plate with our detailed analytical dividend report.

• In light of our recent valuation report, it seems possible that Chubu Steel Plate is trading beyond its estimated value.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSE:4044TSE:5288 and

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