The dividend announcement itself does not change JianâŻPuâs earnings, cashâflow generation, or debt profile, so the underlying valuation multiples (P/E, EV/EBITDA, etc.) remain essentially unchanged. What the market will react to is the mechanical price adjustment that typically occurs on the exâdividend date: the share price is expected to drop roughly by the amount of the cash dividend (adjusted for any marketâwide drift). Since the marketâcap component of the EV denominator moves in tandem with the price, the P/E and EV/EBITDA ratios will momentarily shift in the same direction (i.e., a slightly higher P/E and EV/EBITDA after the price drop). The effect is purely arithmetic and shortâlived; once the dividend is paid, the price usually reâequilibrates and the multiples revert to their preâannouncement levels.
From a trading standpoint, the dividend signal is neutral to fundamentals but can create a shortâterm opportunity. If you own AIJTY, you can lock in the cash payout by holding the stock through the record date, but you should anticipate a modest price dip on SeptemberâŻ9, 2025. Traders looking to capture the dividend should be prepared for that expected dip and may set a tight stopâloss just below the expected exâdividend price adjustment. For valuationâfocused investors, the announcement does not merit a reârating of the company's multipleâbased valuation; any temporary change in P/E or EV/EBITDA will be a mechanical artifact that disappears once the dividend is settled and the price stabilizes.