Sri Lankan (CSE) Banks Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies12
- 7D-3.2%
- 3M18.0%
- 1Y77.5%
- YTD14.8%
Over the last 7 days, the Banks industry has dropped 3.2%, driven by declines in Commercial Bank of Ceylon and Hatton National Bank of 3.4% and 4.3%, respectively. This takes the industry's 12 month performance to a gain of 78%. As for the next few years, earnings are expected to grow by 3.0% per annum.
Industry Valuation and Performance
Has the Sri Lankan Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | LK₨530.5b | LK₨452.3b | LK₨109.9b | 5.4x | 4.8x | 1.2x |
| Tue, 16 Apr 2024 | LK₨532.0b | LK₨423.6b | LK₨98.5b | 5.6x | 5.4x | 1.3x |
| Thu, 14 Mar 2024 | LK₨462.1b | LK₨423.6b | LK₨98.5b | 5x | 4.7x | 1.1x |
| Sat, 10 Feb 2024 | LK₨444.7b | LK₨394.6b | LK₨104.9b | 4.2x | 4.2x | 1.1x |
| Mon, 08 Jan 2024 | LK₨446.4b | LK₨390.6b | LK₨104.1b | 4.1x | 4.3x | 1.1x |
| Wed, 06 Dec 2023 | LK₨442.6b | LK₨390.6b | LK₨104.1b | 4.2x | 4.3x | 1.1x |
| Fri, 03 Nov 2023 | LK₨431.5b | LK₨345.7b | LK₨87.4b | 5.5x | 4.9x | 1.2x |
| Sun, 01 Oct 2023 | LK₨453.3b | LK₨341.9b | LK₨86.3b | 5.7x | 5.3x | 1.3x |
| Tue, 29 Aug 2023 | LK₨456.7b | LK₨341.9b | LK₨86.3b | 5.9x | 5.3x | 1.3x |
| Thu, 27 Jul 2023 | LK₨441.5b | LK₨297.4b | LK₨70.1b | 7.1x | 6.3x | 1.5x |
| Sat, 24 Jun 2023 | LK₨330.0b | LK₨297.4b | LK₨70.1b | 4.8x | 4.7x | 1.1x |
| Mon, 22 May 2023 | LK₨287.3b | LK₨288.0b | LK₨67.9b | 4.4x | 4.2x | 1x |
| Wed, 19 Apr 2023 | LK₨301.5b | LK₨287.3b | LK₨74.2b | 4.4x | 4.1x | 1x |
| Fri, 17 Mar 2023 | LK₨323.1b | LK₨287.4b | LK₨74.2b | 4.7x | 4.4x | 1.1x |
| Sun, 12 Feb 2023 | LK₨264.1b | LK₨282.5b | LK₨66.0b | 4.3x | 4x | 0.9x |
| Tue, 10 Jan 2023 | LK₨217.2b | LK₨282.5b | LK₨66.0b | 3.4x | 3.3x | 0.8x |
| Thu, 08 Dec 2022 | LK₨229.2b | LK₨282.5b | LK₨66.0b | 3.9x | 3.5x | 0.8x |
| Sat, 05 Nov 2022 | LK₨220.7b | LK₨280.6b | LK₨70.5b | 3x | 3.1x | 0.8x |
| Mon, 03 Oct 2022 | LK₨250.0b | LK₨280.6b | LK₨70.5b | 3.6x | 3.5x | 0.9x |
| Wed, 31 Aug 2022 | LK₨217.6b | LK₨280.6b | LK₨70.5b | 3.1x | 3.1x | 0.8x |
| Fri, 29 Jul 2022 | LK₨217.8b | LK₨290.2b | LK₨85.4b | 2.7x | 2.5x | 0.8x |
| Sun, 26 Jun 2022 | LK₨215.5b | LK₨290.2b | LK₨85.4b | 2.7x | 2.5x | 0.7x |
| Tue, 24 May 2022 | LK₨235.5b | LK₨290.2b | LK₨85.4b | 3.3x | 2.8x | 0.8x |
| Thu, 21 Apr 2022 | LK₨255.0b | LK₨283.2b | LK₨84.4b | 3.3x | 3x | 0.9x |
| Sat, 19 Mar 2022 | LK₨323.7b | LK₨283.4b | LK₨83.6b | 4x | 3.9x | 1.1x |
| Mon, 14 Feb 2022 | LK₨344.2b | LK₨280.1b | LK₨81.6b | 4.6x | 4.2x | 1.2x |
| Wed, 12 Jan 2022 | LK₨359.5b | LK₨280.1b | LK₨81.6b | 4.8x | 4.4x | 1.3x |
| Fri, 10 Dec 2021 | LK₨353.8b | LK₨280.1b | LK₨81.6b | 4.7x | 4.3x | 1.3x |
| Sun, 07 Nov 2021 | LK₨381.1b | LK₨271.5b | LK₨76.8b | 5.1x | 5x | 1.4x |
| Tue, 05 Oct 2021 | LK₨357.7b | LK₨268.8b | LK₨75.2b | 5x | 4.8x | 1.3x |
| Thu, 02 Sep 2021 | LK₨356.7b | LK₨268.8b | LK₨75.2b | 5.1x | 4.7x | 1.3x |
| Sat, 31 Jul 2021 | LK₨347.1b | LK₨268.8b | LK₨75.2b | 4.8x | 4.6x | 1.3x |
Price to Earnings Ratio
5.2x
Current Industry PE
- Investors are optimistic on the Sri Lankan Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 4.8x which is higher than its 3-year average PE of 4.2x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Sri Lankan Financials industry?
| LK Market | -1.53% | |
| Financials | -3.24% | |
| Banks | -3.16% | |
| Regional Banks | 0% | |
| Diversified Banks | -3.16% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.2x.
- Analysts are expecting annual earnings growth of 3.0%, which is lower than the prior year's growth of 53.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 3.0% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 3.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NTB.N0000 Nations Trust Bank | LK₨123.00 | 0.8% +LK₨326.2m | 97.7% | PB0.6x |