Luda Technology Group Ltd (LUD) — payout ratio, three ways
Fiscal year ending 2024-12-31 · sector Materials · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $0.02 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 61.9% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 77.1% | The most honest single-year figure here, because it nets out the capital spending that commodity producers cut hard in a downturn — which is also why it flatters a trough year. |
Spread between highest and lowest: 15 percentage points. Same filings, different denominators.
Coverage rating 22 / 100 — Strained. ? Peer standing 12/50Direction 0/30Stability 10/20
Free cash flow payout, last 2 years
| Fiscal year | Payout |
|---|---|
| 2024-12-31 | 77.1% |
| 2023-12-31 | 40.1% |
Among the 36 materials companies here, only 25% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $0.17 ÷ diluted EPS $-0.02
- Operating cash flow — dividends paid $3.4m ÷ operating cash flow $5.5m
- Free cash flow — dividends paid $3.4m ÷ (operating cash flow $5.5m − capex $1.1m)
Where the figures came from
- 20-F filed 2026-05-15 · accession
0001213900-26-057512 - 20-F filed 2025-04-30 · accession
0001213900-25-037162
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.17); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.