Q: Hi 5i.
I think your preferred measure for a company's dividend payout ratio is to compare it to operating cash flow. (Or is it free cash flow? Please clarify.)
What is CJ's current payout ratio using your preferred measure? And, is it possible to see this cash flow figure in 5i's company profiles?
I think your preferred measure for a company's dividend payout ratio is to compare it to operating cash flow. (Or is it free cash flow? Please clarify.)
What is CJ's current payout ratio using your preferred measure? And, is it possible to see this cash flow figure in 5i's company profiles?
5i Research Answer:
We look at initially at operating cash flow but do observe free cash flow to determine if some of the company's spending is in fact discretionary or not. But for our quoted payout ratios we use operating cash flow. 12-month payout ratio is 44%. Our data on profiles comes from a third party. We can ask but can't guarantee they can comply.