Combined Motor HoldingsJSE:CMH +1.65%92 Dividend Payout Ratio is 0.12 as of Feb. 2026, which is 79% below its 10-year median of 0.56. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R38.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 778 Vehicles & Parts companies, Combined Motor Holdings ranks worse than 54.24% 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. Combined Motor Holdings's Dividend Payout Ratio for the
months ended in Feb. 2026 was 0.12.
The historical rank and industry rank for Combined Motor Holdings's Dividend Payout Ratio or its related term are showing as below:
JSE:CMH'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.56 Max: 0.81
Current: 0.39
During the past 13 years, the highest Dividend Payout Ratio of Combined Motor Holdings was 0.81. The lowest was 0.39. And the median was 0.56.
JSE:CMH's Dividend Payout Ratio is ranked worse than 54.24% of 778
companies
in the Vehicles & Parts industry
Industry Median: 0.36
vs JSE:CMH: 0.39
During the past 13 years, the highest Trailing Annual Dividend Yield of Combined Motor Holdings was 18.53%. The lowest was 3.46%. And the median was 8.38%.
During the past 12 months, Combined Motor Holdings's average Dividends Per Share Growth Rate was -35.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -19.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 14.00% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 10.50% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Combined Motor Holdings was 116.60% per year. The lowest was -51.50% per year. And the median was 21.35% 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.
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings Dividend Payout Ratio Related Terms
Combined Motor Holdings Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Combined Motor 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.
Combined Motor Holdings Dividend Payout Ratio Chart
JSE:CMH vs CVNA, PAG, ALTB: Dividend Payout Ratio Comparison
For the Auto & Truck Dealerships subindustry, Combined Motor 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.
Combined Motor Holdings Dividend Payout Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's Dividend Payout Ratio falls into.
Combined Motor 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.
Combined Motor Holdings's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as
* 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.
Combined Motor Holdings (JSE:CMH) has a Dividend Payout Ratio of 0.12 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Combined Motor Holdings and its competitors. This is 79% below median its historical median of 0.56. Over the past decade, Combined Motor Holdings' Dividend Payout Ratio has ranged from 0.39 to 0.81. According to the industry distribution chart, Combined Motor Holdings ranks #422 out of 778 companies in the Vehicles & Parts industry, placing it in the top 54.2%.
Is Combined Motor Holdings' Dividend Payout Ratio too high?
Combined Motor Holdings' current Dividend Payout Ratio of 0.12 is 79% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.81. The Vehicles & Parts industry median Dividend Payout Ratio is 0.36. Combined Motor Holdings' value of 0.12 is 66.7% below this industry median. Based on the distribution chart, Combined Motor Holdings ranks #422 out of 778 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Dividend Payout Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #422 out of 778 companies for Dividend Payout Ratio. This places Combined Motor Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. Combined Motor Holdings' value of 0.12 is 66.7% below this benchmark. Historically, Combined Motor Holdings' own Dividend Payout Ratio has ranged from 0.39 to 0.81 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.36, Combined Motor 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 Vehicles & Parts company?
The median Dividend Payout Ratio among Vehicles & Parts companies is 0.36, based on 778 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. Combined Motor Holdings's current Dividend Payout Ratio of 0.12 is 66.7% 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 Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current Dividend Payout Ratio is 0.12, which is 79% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R38.86, compared to a current price of R39.49 — trading 1.6% above its estimated fair value. The current Dividend Payout Ratio is 0.12, which is 79% below median its 10-year median of 0.56 and 66.7% below the Vehicles & Parts industry median of 0.36. Combined Motor Holdings' overall GF Score™ is 92/100 with 2 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 Combined Motor Holdings (JSE:CMH), the current Dividend Payout Ratio is 0.12 as of Feb. 2026. 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued.
The current stock price of R39.49 is trading 1.6% above its estimated GF Value™ of R38.86.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
Dividend Payout Ratio: 0.12 (79% below median its 10-year median of 0.56)
GF Value™: R38.86 vs. price of R39.49 (1.6% above fair value)
Industry Position: 66.7% below the Vehicles & Parts median (#422 of 778)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
Get the complete analysis for JSE:CMH
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:CMH has been successfully added to your 
