Screening Shenzhen Stocks by Valuation, Dividend Payout, and Price Range

Summary

This post describes a stock screen for Shenzhen main-board shares using a price-to-earnings range of 0 to 29.01, a price-to-book range of 0 to 3.11, a 2019 dividend payout ratio above 25%, and an amplitude condition above 1. It frames the filters as a combination of price movement, valuation, and shareholder distributions. The accompanying sample outlines a sequence that first applies valuation, location, and dividend conditions, then checks price history.

The post recommends adding company and industry research, refining the financial measures, and broadening the data used to evaluate candidates. It also notes that a high payout ratio alone does not establish earnings quality or long-term value, and that historical data may miss new developments. No backtest, comparison group, or investment performance is reported. There is an inconsistency between the prose’s amplitude threshold and the sample’s check for whether the maximum historical amplitude reaches that threshold, while other code details are not fully aligned with the stated selection logic.

Key ideas

• The screen combines Shenzhen listing location, valuation ranges, a historical dividend payout threshold, and a price-amplitude condition.
• The stated valuation limits are a price-to-earnings ratio from 0 to 29.01 and a price-to-book ratio from 0 to 3.11.
• The post cautions that payout levels alone do not establish company quality or long-term value.
• It recommends examining company-specific and industry conditions and refining the financial data used.
• No performance evidence is provided, and the sample’s amplitude check differs from the stated screening condition.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.