Waterco (ASX:WAT) Dividend Payout Ratio: 0.42 (As of Dec. 2025) — Near Median


ASX:WAT Waterco Ltd ASX:WAT
84 GF Score
Price A$5.20
GF Value A$7.63
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Waterco Dividend Payout Ratio?

Waterco ASX:WAT 84 Dividend Payout Ratio is 0.42 as of Dec. 2025, which is 9% below its 10-year median of 0.46. GuruFocus rates ASX:WAT with a GF Score™ of 84/100 and a GF Value™ of A$7.63 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,723 Industrial Products companies, Waterco ranks worse than 65.41% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Waterco's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.42.

The historical rank and industry rank for Waterco's Dividend Payout Ratio or its related term are showing as below:

ASX:WAT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.46   Max: 0.92
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of Waterco was 0.92. The lowest was 0.17. And the median was 0.46.

ASX:WAT's Dividend Payout Ratio is ranked worse than
65.41% of 1723 companies
in the Industrial Products industry
Industry Median: 0.37 vs ASX:WAT: 0.51

As of today (2026-06-27), the Dividend Yield % of Waterco is 2.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Waterco was 5.96%. The lowest was 1.50%. And the median was 2.07%.

Waterco's Dividends per Share for the months ended in Dec. 2025 was A$0.08.

During the past 3 years, the average Dividends Per Share Growth Rate was 28.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Waterco was 81.70% per year. The lowest was -49.90% per year. And the median was 6.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Waterco (ASX:WAT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Waterco Dividend Payout Ratio Related Terms

Waterco Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Waterco's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waterco Dividend Payout Ratio Chart

Waterco Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.21 0.32 0.30 0.55

Waterco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.36 0.48 0.67 0.42

ASX:WAT vs VLTO, ZWS, CECO: Dividend Payout Ratio Comparison

For the Pollution & Treatment Controls subindustry, Waterco's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Waterco Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Waterco's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Waterco's Dividend Payout Ratio falls into.


ASX:WAT
84GF Score
Waterco Ltd ASX:WAT
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waterco Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Waterco's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.15/ 0.273
=0.55

Waterco's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.08/ 0.192
=0.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.42 mean?
Waterco (ASX:WAT) has a Dividend Payout Ratio of 0.42 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Waterco and its competitors. This is near median its historical median of 0.46. Over the past decade, Waterco's Dividend Payout Ratio has ranged from 0.17 to 0.92. According to the industry distribution chart, Waterco ranks #1127 out of 1723 companies in the Industrial Products industry, placing it in the top 65.4%.
Is Waterco's Dividend Payout Ratio too high?
Waterco's current Dividend Payout Ratio of 0.42 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.92. The Industrial Products industry median Dividend Payout Ratio is 0.37. Waterco's value of 0.42 is 13.5% above this industry median. Based on the distribution chart, Waterco ranks #1127 out of 1723 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Waterco has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waterco's Dividend Payout Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Waterco ranks #1127 out of 1723 companies for Dividend Payout Ratio. This places Waterco in the lower half of its industry. The industry median Dividend Payout Ratio is 0.37. Waterco's value of 0.42 is 13.5% above this benchmark. Historically, Waterco's own Dividend Payout Ratio has ranged from 0.17 to 0.92 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.37, Waterco has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,723 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waterco's current Dividend Payout Ratio of 0.42 is 13.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Waterco and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waterco's current Dividend Payout Ratio is 0.42, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterco stock overvalued right now?
Based on GuruFocus' analysis, Waterco (ASX:WAT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.63, compared to a current price of A$5.20 — trading 31.8% below its estimated fair value. The current Dividend Payout Ratio is 0.42, which is near median its 10-year median of 0.46 and 13.5% above the Industrial Products industry median of 0.37. Waterco's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Waterco (ASX:WAT), the current Dividend Payout Ratio is 0.42 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waterco (ASX:WAT) Overvalued in 2026?

Based on GuruFocus' analysis, Waterco stock appears to be undervalued. The current stock price of A$5.20 is trading 31.8% below its estimated GF Value™ of A$7.63. GuruFocus considers Waterco to be Significantly Undervalued.

Key valuation signals for ASX:WAT:

  • Dividend Payout Ratio: 0.42 (near median its 10-year median of 0.46)
  • GF Value™: A$7.63 vs. price of A$5.20 (31.8% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 13.5% above the Industrial Products median (#1127 of 1723)

No single metric tells the full story. See the ASX:WAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Waterco Business Description

Other Exchanges 3W4:Germany
Address 36 South Street, Rydalmere, Sydney, NSW, AUS, 2116
Waterco Ltd designs, manufactures, and distributes filtration and sanitisation products for swimming pools, spas, aquaculture, and water purification sectors. The company serves residential, commercial, and industrial markets in various countries. Waterco operates manufacturing and R&D facilities in Australia, New Zealand, Malaysia, China, and other countries. It also franchises Swimart, a pool and spa retail network in Australia and New Zealand, and is the exclusive distributor of Zane Solar Pool Heating systems. Waterco's product range includes pool equipment, water treatment systems, chemicals, and solar heating solutions. The company generates revenue predominantly through the sales of pool and spa equipment, water treatment systems, and franchising operations.
84GF Score

Get the complete analysis for ASX:WAT

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.20
Price
A$7.63
GF Value