Smart-Core Holdings (HKSE:02166) Dividend Payout Ratio: 0.12 (As of Dec. 2025) — 68% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02166 Smart-Core Holdings Ltd HKSE:02166
59 GF Score
Price HK$4.61
GF Value HK$1.52
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Smart-Core Holdings Dividend Payout Ratio?

Smart-Core Holdings HKSE:02166 -4.06% 59 Dividend Payout Ratio is 0.12 as of Dec. 2025, which is 68% below its 10-year median of 0.37. GuruFocus rates HKSE:02166 with a GF Score™ of 59/100 and a GF Value™ of HK$1.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,214 Hardware companies, Smart-Core Holdings ranks better than 56.18% 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. Smart-Core Holdings's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.12.

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

HKSE:02166' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.37   Max: 0.49
Current: 0.37

During the past 13 years, the highest Dividend Payout Ratio of Smart-Core Holdings was 0.49. The lowest was 0.11. And the median was 0.37.

HKSE:02166's Dividend Payout Ratio is ranked better than
56.18% of 1214 companies
in the Hardware industry
Industry Median: 0.425 vs HKSE:02166: 0.37

As of today (2026-09-02), the Dividend Yield % of Smart-Core Holdings is 3.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Smart-Core Holdings was 10.34%. The lowest was 1.14%. And the median was 4.05%.

Smart-Core Holdings's Dividends per Share for the months ended in Dec. 2025 was HK$0.03.

During the past 12 months, Smart-Core Holdings's average Dividends Per Share Growth Rate was 85.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Smart-Core Holdings was 26.00% per year. The lowest was -4.40% per year. And the median was 15.75% 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.

Smart-Core Holdings (HKSE:02166) 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.

Smart-Core Holdings Dividend Payout Ratio Related Terms

Smart-Core Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Smart-Core Holdings'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.

Smart-Core Holdings Dividend Payout Ratio Chart

Smart-Core Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.41 0.46 0.36 0.37

Smart-Core Holdings 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 0.00 0.82 0.15 0.96 0.12

HKSE:02166 vs SNX, ARW, AVT: Dividend Payout Ratio Comparison

For the Electronics & Computer Distribution subindustry, Smart-Core Holdings'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.

Smart-Core Holdings Dividend Payout Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Smart-Core Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Smart-Core Holdings's Dividend Payout Ratio falls into.


HKSE:02166
59GF Score
Smart-Core Holdings Ltd HKSE:02166
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart-Core Holdings 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.

Smart-Core Holdings's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.13/ 0.349
=0.37

Smart-Core Holdings'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 )
=0.03/ 0.245
=0.12

* 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 0.12 mean?
Smart-Core Holdings (HKSE:02166) has a Dividend Payout Ratio of 0.12 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Smart-Core Holdings and its competitors. This is 68% below median its historical median of 0.37. Over the past decade, Smart-Core Holdings' Dividend Payout Ratio has ranged from 0.11 to 0.49. According to the industry distribution chart, Smart-Core Holdings ranks #532 out of 1214 companies in the Hardware industry, placing it in the top 43.8%.
Is Smart-Core Holdings' Dividend Payout Ratio too high?
Smart-Core Holdings' current Dividend Payout Ratio of 0.12 is 68% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.49. The Hardware industry median Dividend Payout Ratio is 0.43. Smart-Core Holdings' value of 0.12 is 71.8% below this industry median. Based on the distribution chart, Smart-Core Holdings ranks #532 out of 1214 companies in the Hardware industry, which is above the industry midpoint. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' Dividend Payout Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Smart-Core Holdings ranks #532 out of 1214 companies for Dividend Payout Ratio. This puts Smart-Core Holdings in the upper half of its industry. The industry median Dividend Payout Ratio is 0.43. Smart-Core Holdings' value of 0.12 is 71.8% below this benchmark. Historically, Smart-Core Holdings' own Dividend Payout Ratio has ranged from 0.11 to 0.49 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.43, Smart-Core Holdings has consistently been below 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 a Hardware company?
The median Dividend Payout Ratio among Hardware companies is 0.43, based on 1,214 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. Smart-Core Holdings's current Dividend Payout Ratio of 0.12 is 71.8% below 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 Smart-Core Holdings and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart-Core Holdings's current Dividend Payout Ratio is 0.12, which is 68% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current Dividend Payout Ratio is 0.12, which is 68% below median its 10-year median of 0.37 and 71.8% below the Hardware industry median of 0.43. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current Dividend Payout Ratio is 0.12 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?

Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued. The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52. GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:02166:

  • Dividend Payout Ratio: 0.12 (68% below median its 10-year median of 0.37)
  • GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 71.8% below the Hardware median (#532 of 1214)

No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Smart-Core Holdings Business Description

Address 70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score

Get the complete analysis for HKSE:02166

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

HK$4.61
Price
HK$1.52
GF Value