研報掘金丨申萬宏源:瀚藍環境成長與分紅兼備,維持“買入”評級
申萬宏源研究指出,瀚藍環境(600323.SH)提議2024年度每股派發現金紅利0.8元(含稅)。預計2024年DPS 0.8元,對應2024年分紅率達38%,股息率4%,公司分紅率及DPS顯著提升。公司承諾2024-2026年DPS每年增長10%,保障持續分紅。公司應收款回款+Capex 下降推動現金流改善。此外,擬收購粵豐優質資產進展順利,助力增厚利潤及現金流,自由現金流有望從6億元提升至16億元。考慮公司主業穩健運營,分紅持續提升,同時收購粵豐完成後有望進一步增厚利潤,當前股息率達4%,成長與分紅兼備,維持“買入”評級。
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