Shanghai Carthane Co (SHSE:603037) Dividend Payout Ratio: 3.39 (As of Jun. 2026) — 290% Above Median

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SHSE:603037 Shanghai Carthane Co Ltd SHSE:603037
80 GF Score
Price ¥10.29
GF Value ¥12.14
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Shanghai Carthane Co Dividend Payout Ratio?

Shanghai Carthane Co SHSE:603037 +0.59% 80 Dividend Payout Ratio is 3.39 as of Jun. 2026, which is 290% above its 10-year median of 0.87. GuruFocus rates SHSE:603037 with a GF Score™ of 80/100 and a GF Value™ of ¥12.14 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 778 Vehicles & Parts companies, Shanghai Carthane Co ranks worse than 85.09% 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. Shanghai Carthane Co's Dividend Payout Ratio for the months ended in Jun. 2026 was 3.39.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Shanghai Carthane Co Ltd is 0.82, which seems too high.

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

SHSE:603037' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.87   Max: 1.2
Current: 0.82

During the past 13 years, the highest Dividend Payout Ratio of Shanghai Carthane Co was 1.20. The lowest was 0.66. And the median was 0.87.

SHSE:603037's Dividend Payout Ratio is ranked worse than
85.09% of 778 companies
in the Vehicles & Parts industry
Industry Median: 0.35 vs SHSE:603037: 0.82

As of today (2026-08-28), the Dividend Yield % of Shanghai Carthane Co is 1.96%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Shanghai Carthane Co was 7.76%. The lowest was 1.25%. And the median was 3.27%.

Shanghai Carthane Co's Dividends per Share for the months ended in Jun. 2026 was ¥0.20.

During the past 12 months, Shanghai Carthane Co's average Dividends Per Share Growth Rate was -20.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shanghai Carthane Co was 12.30% per year. The lowest was -7.70% per year. And the median was -1.50% 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.

Shanghai Carthane Co (SHSE:603037) 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.

Shanghai Carthane Co Dividend Payout Ratio Related Terms

Shanghai Carthane Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Carthane Co'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.

Shanghai Carthane Co Dividend Payout Ratio Chart

Shanghai Carthane Co 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 0.79 0.98 1.20 0.87 1.04

Shanghai Carthane Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.72 0.00 0.00 0.00 3.39

SHSE:603037 vs ORLY, AZO: Dividend Payout Ratio Comparison

For the Auto Parts subindustry, Shanghai Carthane Co'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.

Shanghai Carthane Co Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Carthane Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Carthane Co's Dividend Payout Ratio falls into.


SHSE:603037
80GF Score
Shanghai Carthane Co Ltd SHSE:603037
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Carthane Co 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.

Shanghai Carthane Co'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 )
=0.25/ 0.24
=1.04

Shanghai Carthane Co's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=0.2/ 0.059
=3.39

* 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 3.39 mean?
Shanghai Carthane Co (SHSE:603037) has a Dividend Payout Ratio of 3.39 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Shanghai Carthane Co and its competitors. This is 290% above median its historical median of 0.87. Over the past decade, Shanghai Carthane Co's Dividend Payout Ratio has ranged from 0.66 to 1.20. According to the industry distribution chart, Shanghai Carthane Co ranks #662 out of 778 companies in the Vehicles & Parts industry, placing it in the top 85.1%.
Is Shanghai Carthane Co's Dividend Payout Ratio too high?
Shanghai Carthane Co's current Dividend Payout Ratio of 3.39 is 290% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.20. The Vehicles & Parts industry median Dividend Payout Ratio is 0.35. Shanghai Carthane Co's value of 3.39 is 868.6% above this industry median. Based on the distribution chart, Shanghai Carthane Co ranks #662 out of 778 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Shanghai Carthane Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Carthane Co's Dividend Payout Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shanghai Carthane Co ranks #662 out of 778 companies for Dividend Payout Ratio. This places Shanghai Carthane Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.35. Shanghai Carthane Co's value of 3.39 is 868.6% above this benchmark. Historically, Shanghai Carthane Co's own Dividend Payout Ratio has ranged from 0.66 to 1.20 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 0.35, Shanghai Carthane Co 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 a Vehicles & Parts company?
The median Dividend Payout Ratio among Vehicles & Parts companies is 0.35, 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. Shanghai Carthane Co's current Dividend Payout Ratio of 3.39 is 868.6% 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 Shanghai Carthane Co and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Carthane Co's current Dividend Payout Ratio is 3.39, which is 290% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Carthane Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Carthane Co (SHSE:603037) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.14, compared to a current price of ¥10.29 — trading 15.2% below its estimated fair value. The current Dividend Payout Ratio is 3.39, which is 290% above median its 10-year median of 0.87 and 868.6% above the Vehicles & Parts industry median of 0.35. Shanghai Carthane Co's overall GF Score™ is 80/100 with 6 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 Shanghai Carthane Co (SHSE:603037), the current Dividend Payout Ratio is 3.39 as of Jun. 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 Shanghai Carthane Co (SHSE:603037) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Carthane Co stock appears to be undervalued. The current stock price of ¥10.29 is trading 15.2% below its estimated GF Value™ of ¥12.14. GuruFocus considers Shanghai Carthane Co to be Modestly Undervalued.

Key valuation signals for SHSE:603037:

  • Dividend Payout Ratio: 3.39 (290% above median its 10-year median of 0.87)
  • GF Value™: ¥12.14 vs. price of ¥10.29 (15.2% below fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 868.6% above the Vehicles & Parts median (#662 of 778)

No single metric tells the full story. See the SHSE:603037 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shanghai Carthane Co Business Description

Address No. 813, Jianye Road, Pudong New Area, Shanghai, CHN, 201201
Shanghai Carthane Co Ltd designs, produces and sells car parts, accessories, polyurethane elastomer and other polyurethane products. It engages in the sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.
80GF Score

Get the complete analysis for SHSE:603037

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

¥10.29
Price
¥12.14
GF Value