Opple Lighting Co (SHSE:603515) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

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SHSE:603515 Opple Lighting Co Ltd SHSE:603515
84 GF Score
Price ¥17.36
GF Value ¥18.01
Valuation Fairly Valued
! 2 Warning Signs
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What is Opple Lighting Co Dividend Payout Ratio?

Opple Lighting Co SHSE:603515 +0.99% 84 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates SHSE:603515 with a GF Score™ of 84/100 and a GF Value™ of ¥18.01 (Fairly Valued). The stock has 2 warning signs investors should review. Among 202 Furnishings, Fixtures & Appliances companies, Opple Lighting Co ranks worse than 64.36% 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. Opple Lighting Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Opple Lighting Co Ltd is 0.71, which seems too high.

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

SHSE:603515' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.54   Max: 0.85
Current: 0.71

During the past 13 years, the highest Dividend Payout Ratio of Opple Lighting Co was 0.85. The lowest was 0.30. And the median was 0.54.

SHSE:603515's Dividend Payout Ratio is ranked worse than
64.36% of 202 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.53 vs SHSE:603515: 0.71

As of today (2026-08-02), the Dividend Yield % of Opple Lighting Co is 4.90%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Opple Lighting Co was 10.38%. The lowest was 0.52%. And the median was 2.49%.

Opple Lighting Co's Dividends per Share for the months ended in Mar. 2026 was ¥0.00.

During the past 12 months, Opple Lighting Co's average Dividends Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Opple Lighting Co was 29.40% per year. The lowest was 0.00% per year. And the median was 18.40% 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.

Opple Lighting Co (SHSE:603515) 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.

Opple Lighting Co Dividend Payout Ratio Related Terms

Opple Lighting Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Opple Lighting 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.

Opple Lighting Co Dividend Payout Ratio Chart

Opple Lighting 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 0.54 0.60 0.44 0.83 0.85

Opple Lighting Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.13 0.00 0.00 0.00

SHSE:603515 vs SN, SGI, MHK: Dividend Payout Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Opple Lighting 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.

Opple Lighting Co Dividend Payout Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opple Lighting Co's Dividend Payout Ratio distribution charts can be found below:

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


SHSE:603515
84GF Score
Opple Lighting Co Ltd SHSE:603515
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Opple Lighting 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.

Opple Lighting 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 )
=0.9/ 1.06
=0.85

Opple Lighting Co's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 0.185
=0.00

* 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 0.00 mean?
Opple Lighting Co (SHSE:603515) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Opple Lighting Co and its competitors. Over the past decade, Opple Lighting Co's Dividend Payout Ratio has ranged from 0.30 to 0.85. According to the industry distribution chart, Opple Lighting Co ranks #130 out of 202 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 64.4%.
Is Opple Lighting Co's Dividend Payout Ratio too high?
Opple Lighting Co's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.85. Based on the distribution chart, Opple Lighting Co ranks #130 out of 202 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Opple Lighting Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Opple Lighting Co's Dividend Payout Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Opple Lighting Co ranks #130 out of 202 companies for Dividend Payout Ratio. This places Opple Lighting Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.53. Historically, Opple Lighting Co's own Dividend Payout Ratio has ranged from 0.30 to 0.85 over the past decade. 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 Furnishings, Fixtures & Appliances company?
The median Dividend Payout Ratio among Furnishings, Fixtures & Appliances companies is 0.53, based on 202 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. 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 Opple Lighting Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opple Lighting Co's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opple Lighting Co stock overvalued right now?
Based on GuruFocus' analysis, Opple Lighting Co (SHSE:603515) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.01, compared to a current price of ¥17.36 — trading 3.6% below its estimated fair value. The current Dividend Payout Ratio is 0.00. Opple Lighting Co's overall GF Score™ is 84/100 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 Opple Lighting Co (SHSE:603515), the current Dividend Payout Ratio is 0.00 as of Mar. 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 Opple Lighting Co (SHSE:603515) Overvalued in 2026?

Based on GuruFocus' analysis, Opple Lighting Co stock appears to be undervalued. The current stock price of ¥17.36 is trading 3.6% below its estimated GF Value™ of ¥18.01. GuruFocus considers Opple Lighting Co to be Fairly Valued.

Key valuation signals for SHSE:603515:

  • Dividend Payout Ratio: 0.00
  • GF Value™: ¥18.01 vs. price of ¥17.36 (3.6% below fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Opple Lighting Co Business Description

Address The MIXC, Lane 1799, Wuzhong Road, Building 3, Minhang District, Shanghai, CHN, 201103
Opple Lighting Co Ltd is a China-based integrated lighting manufacturing company. It offers electrical appliances to large-scale commercial lighting solutions. The products of the company are LED light source, LED home luminaires and LED professional luminaires. Its other products range from lamps and ceiling fixtures to electrical appliances.
84GF Score

Get the complete analysis for SHSE:603515

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

¥17.36
Price
¥18.01
GF Value