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Union Steel HoldingsSGX:ZB9 +1.05%45 Dividend Payout Ratio is 0.23 as of Dec. 2025, which is 35% above its 10-year median of 0.17. GuruFocus rates SGX:ZB9 with a GF Score™ of 45/100 and a GF Value™ of S$0.50 (Fairly Valued). The stock has 5 warning signs investors should review. Among 100 Waste Management companies, Union Steel Holdings ranks better than 90% 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. Union Steel Holdings's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.23.
The historical rank and industry rank for Union Steel Holdings's Dividend Payout Ratio or its related term are showing as below:
SGX:ZB9'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.22
Current: 0.13
During the past 13 years, the highest Dividend Payout Ratio of Union Steel Holdings was 0.22. The lowest was 0.04. And the median was 0.17.
SGX:ZB9's Dividend Payout Ratio is ranked better than 90% of 100
companies
in the Waste Management industry
Industry Median: 0.36
vs SGX:ZB9: 0.13
During the past 13 years, the highest Trailing Annual Dividend Yield of Union Steel Holdings was 7.16%. The lowest was 0.42%. And the median was 2.74%.
During the past 12 months, Union Steel Holdings's average Dividends Per Share Growth Rate was -30.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Union Steel Holdings was 48.10% per year. The lowest was -53.60% per year. And the median was 0.00% 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.
Union Steel Holdings (SGX:ZB9) 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.
Union Steel Holdings Dividend Payout Ratio Related Terms
Union Steel Holdings Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Union Steel 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.
SGX:ZB9 vs WM, RSG, WCN: Dividend Payout Ratio Comparison
For the Waste Management subindustry, Union Steel 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.
Union Steel Holdings Dividend Payout Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Union Steel Holdings's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Union Steel Holdings's Dividend Payout Ratio falls into.
Union Steel 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.
Union Steel Holdings's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 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.
Union Steel Holdings (SGX:ZB9) has a Dividend Payout Ratio of 0.23 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Union Steel Holdings and its competitors. This is 35% above median its historical median of 0.17. Over the past decade, Union Steel Holdings' Dividend Payout Ratio has ranged from 0.04 to 0.22. According to the industry distribution chart, Union Steel Holdings ranks #10 out of 100 companies in the Waste Management industry, placing it in the top 10%.
Is Union Steel Holdings' Dividend Payout Ratio too high?
Union Steel Holdings' current Dividend Payout Ratio of 0.23 is 35% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.22. The Waste Management industry median Dividend Payout Ratio is 0.36. Union Steel Holdings' value of 0.23 is 36.1% below this industry median. Based on the distribution chart, Union Steel Holdings ranks #10 out of 100 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Union Steel Holdings has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Union Steel Holdings' Dividend Payout Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Union Steel Holdings ranks #10 out of 100 companies for Dividend Payout Ratio. This places Union Steel Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.36. Union Steel Holdings' value of 0.23 is 36.1% below this benchmark. Historically, Union Steel Holdings' own Dividend Payout Ratio has ranged from 0.04 to 0.22 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.36, Union Steel 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 Waste Management company?
The median Dividend Payout Ratio among Waste Management companies is 0.36, based on 100 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. Union Steel Holdings's current Dividend Payout Ratio of 0.23 is 36.1% 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 Union Steel Holdings and its competitors. For the Waste Management 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. Union Steel Holdings's current Dividend Payout Ratio is 0.23, which is 35% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Steel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Union Steel Holdings (SGX:ZB9) is currently considered Fairly Valued. The stock's GF Value™ is S$0.50, compared to a current price of S$0.48 — trading 4% below its estimated fair value. The current Dividend Payout Ratio is 0.23, which is 35% above median its 10-year median of 0.17 and 36.1% below the Waste Management industry median of 0.36. Union Steel Holdings' overall GF Score™ is 45/100 with 5 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 Union Steel Holdings (SGX:ZB9), the current Dividend Payout Ratio is 0.23 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 Union Steel Holdings (SGX:ZB9) Overvalued in 2026?
Based on GuruFocus' analysis, Union Steel Holdings stock appears to be undervalued.
The current stock price of S$0.48 is trading 4% below its estimated GF Value™ of S$0.50.
GuruFocus considers Union Steel Holdings to be Fairly Valued.
Key valuation signals for SGX:ZB9:
Dividend Payout Ratio: 0.23 (35% above median its 10-year median of 0.17)
GF Value™: S$0.50 vs. price of S$0.48 (4% below fair value)
Industry Position: 36.1% below the Waste Management median (#10 of 100)
No single metric tells the full story. See the SGX:ZB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.
45GF Score
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