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帝亚吉欧在全球化扩张期间营收CAGR逐步抬升,股息率均值逐步下移
帝亚吉欧在全球化扩张期间营收CAGR逐步抬升,股息率均值逐步下移
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食品饮料行业专题研究:借镜观澜从海外龙头看食饮板块估值-240131(22页).pdf
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2025-2035年我国低轨运力CAGR有望达53%
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行业数据
2026-07-20
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2021-2025年HEICO营业收入CAGR为20%
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行业数据
2026-07-20
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萝卜快跑全球化扩张
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行业数据
2026-07-20
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营收2017-2025CAGR为27%,2025年89亿元
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行业数据
2026-07-20
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全球新增储能装机规模(GW),2020-2025CAGR为89%
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市场规模
2026-07-20
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20-25E中国超快激光器市场CAGR达13%
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行业数据
2026-07-16
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最新数据
全球全年龄段奶粉市场规模(亿美元)
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2026-07-30
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全球酸奶及发酵乳制品市场规模(亿美元)
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2026-07-30
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全球药用级益生菌市场规模(百万美元)
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2026-07-30
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全球益生菌膳食补充剂市场规模及增速
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2026-07-30
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全球拥有AKK专利菌株的核心企业
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2026-07-30
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2000 年至今:聚焦烈酒主业,开启全球化并购,PE TTM 中枢稳定在 20x 左右(疫情扰动下有所波动但目前已向均值回归),近三年股息率均值为 2.2%。2000 年至今,帝亚吉欧通过一系列战略性全球并购活动,显著扩展了其业务范围和市场影响力。期间的并购策略旨在通过多元化产品组合和进入新兴市场来加强公司的全球地位,从而增加市场份额并推动 营收增长 。帝亚吉欧在全球化扩张期间,1)股价增长主要 来自于业绩增长,FY2019 的 EPS较 FY2004 的 EPS 增长 183%,期间 PE TTM 波幅不及 EPS,PE TTM 中枢为 19x。2)股息率逐步下移,FY2020-2023 股息率均值为 2.2%,相较于 FY2004-FY2019 的股息率均值下滑 0.9pct。3)股利支付率近年受疫情影响有所波动,FY2004-2019 公司股利支付率均值为 55%,且波幅较小,FY2020 年受疫情影响大幅抬升,此后逐年回落,至 FY2023 股利支付率为 47%。
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食品饮料行业专题研究:借镜观澜从海外龙头看食饮板块估值-240131(22页).pdf
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