Recent Insider Transactions • May 19
Chairperson recently sold LK₨51m worth of stock On the 12th of May, Aban Pestonjee sold around 43k shares on-market at roughly LK₨1,195 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Aban's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨1,393, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 928% over the past three years. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: LK₨28.09 (vs LK₨34.73 in 2Q 2025) Second quarter 2026 results: EPS: LK₨28.09 (down from LK₨34.73 in 2Q 2025). Revenue: LK₨1.85b (up 1.1% from 2Q 2025). Net income: LK₨143.5m (down 19% from 2Q 2025). Profit margin: 7.8% (down from 9.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 14
Now 25% undervalued Over the last 90 days, the stock has risen 65% to LK₨1,400. The fair value is estimated to be LK₨1,866, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 50%. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨1,534, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 1,038% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to LK₨1,409, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 881% over the past three years. 공시 • Sep 26
Abans Electricals PLC Approves First and Final Dividend for the Year Ended 31 March 2025 Abans Electricals PLC at its Annual General Meeting held on 25th September 2025, approved the first and final dividend of LKR 15.00 per share out of the profit for the year ended 31st March 2025 be declared as recommended by the Directors. Upcoming Dividend • Sep 19
Upcoming dividend of LK₨15.00 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Sri Lankan dividend payers (4.5%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to LK₨1,081, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 611% over the past three years. Declared Dividend • Aug 30
Dividend increased to LK₨15.00 Dividend of LK₨15.00 is 50% higher than last year. Ex-date: 26th September 2025 Payment date: 16th October 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 56% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: LK₨40.88 (vs LK₨21.16 in 1Q 2025) First quarter 2026 results: EPS: LK₨40.88 (up from LK₨21.16 in 1Q 2025). Revenue: LK₨1.98b (up 27% from 1Q 2025). Net income: LK₨208.9m (up 93% from 1Q 2025). Profit margin: 11% (up from 6.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (LK₨3.83b market cap, or US$12.7m). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to LK₨750, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 381% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨497, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 323% over the past three years. Reported Earnings • May 29
Full year 2025 earnings released: EPS: LK₨98.12 (vs LK₨85.85 in FY 2024) Full year 2025 results: EPS: LK₨98.12 (up from LK₨85.85 in FY 2024). Revenue: LK₨6.71b (up 9.5% from FY 2024). Net income: LK₨501.5m (up 14% from FY 2024). Profit margin: 7.5% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: LK₨22.34 (vs LK₨41.54 in 3Q 2024) Third quarter 2025 results: EPS: LK₨22.34 (down from LK₨41.54 in 3Q 2024). Revenue: LK₨1.67b (down 28% from 3Q 2024). Net income: LK₨114.2m (down 46% from 3Q 2024). Profit margin: 6.8% (down from 9.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨424, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to LK₨392, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to LK₨315, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 122% over the past three years. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨1.43b market cap, or US$4.88m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: LK₨34.73 (vs LK₨20.08 in 2Q 2024) Second quarter 2025 results: EPS: LK₨34.73 (up from LK₨20.08 in 2Q 2024). Revenue: LK₨1.83b (up 47% from 2Q 2024). Net income: LK₨177.5m (up 73% from 2Q 2024). Profit margin: 9.7% (up from 8.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 19
Upcoming dividend of LK₨10.00 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Sri Lankan dividend payers (8.5%). Higher than average of industry peers (2.9%). Declared Dividend • Aug 31
Dividend increased to LK₨10.00 Dividend of LK₨10.00 is 100% higher than last year. Ex-date: 26th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: LK₨21.16 (vs LK₨3.39 in 1Q 2024) First quarter 2025 results: EPS: LK₨21.16 (up from LK₨3.39 in 1Q 2024). Revenue: LK₨1.56b (up 35% from 1Q 2024). Net income: LK₨108.2m (up LK₨90.8m from 1Q 2024). Profit margin: 6.9% (up from 1.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2024 earnings released: EPS: LK₨94.60 (vs LK₨26.13 in FY 2023) Full year 2024 results: EPS: LK₨94.60 (up from LK₨26.13 in FY 2023). Revenue: LK₨6.12b (up 17% from FY 2023). Net income: LK₨483.5m (up 262% from FY 2023). Profit margin: 7.9% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to LK₨229, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 71% over the past three years. New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨842.0m market cap, or US$2.81m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: LK₨41.54 (vs LK₨7.66 in 3Q 2023) Third quarter 2024 results: EPS: LK₨41.54 (up from LK₨7.66 in 3Q 2023). Revenue: LK₨2.32b (up 126% from 3Q 2023). Net income: LK₨212.3m (up 442% from 3Q 2023). Profit margin: 9.1% (up from 3.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: LK₨20.08 (vs LK₨16.60 in 2Q 2023) Second quarter 2024 results: EPS: LK₨20.08 (up from LK₨16.60 in 2Q 2023). Revenue: LK₨1.25b (down 5.0% from 2Q 2023). Net income: LK₨102.6m (up 21% from 2Q 2023). Profit margin: 8.2% (up from 6.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨848.4m market cap, or US$2.60m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Upcoming Dividend • Sep 18
Upcoming dividend of LK₨5.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 17 October 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Sri Lankan dividend payers (7.2%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: LK₨3.39 (vs LK₨3.64 loss in 1Q 2023) First quarter 2024 results: EPS: LK₨3.39 (up from LK₨3.64 loss in 1Q 2023). Revenue: LK₨1.15b (down 28% from 1Q 2023). Net income: LK₨17.3m (up LK₨35.9m from 1Q 2023). Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: LK₨26.13 (vs LK₨20.39 in FY 2022) Full year 2023 results: EPS: LK₨26.13 (up from LK₨20.39 in FY 2022). Revenue: LK₨5.24b (up 21% from FY 2022). Net income: LK₨133.5m (up 28% from FY 2022). Profit margin: 2.6% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to LK₨130, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 130% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: LK₨7.66 (vs LK₨17.95 in 3Q 2022) Third quarter 2023 results: EPS: LK₨7.66 (down from LK₨17.95 in 3Q 2022). Revenue: LK₨1.03b (down 22% from 3Q 2022). Net income: LK₨39.1m (down 57% from 3Q 2022). Profit margin: 3.8% (down from 7.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Dinal Mario Phillips was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: LK₨16.60 (vs LK₨3.96 in 2Q 2022) Second quarter 2023 results: EPS: LK₨16.60 (up from LK₨3.96 in 2Q 2022). Revenue: LK₨1.31b (up 48% from 2Q 2022). Net income: LK₨84.8m (up 319% from 2Q 2022). Profit margin: 6.5% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of LK₨5.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Sri Lankan dividend payers (7.6%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 17
First quarter 2023 earnings released: LK₨3.64 loss per share (vs LK₨0.82 profit in 1Q 2022) First quarter 2023 results: LK₨3.64 loss per share (down from LK₨0.82 profit in 1Q 2022). Revenue: LK₨1.59b (up 109% from 1Q 2022). Net loss: LK₨18.6m (down LK₨22.8m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 22% share price gain to LK₨162, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 175% over the past three years. Reported Earnings • May 29
Full year 2022 earnings released: EPS: LK₨20.39 (vs LK₨32.34 in FY 2021) Full year 2022 results: EPS: LK₨20.39 (down from LK₨32.34 in FY 2021). Revenue: LK₨4.33b (up 38% from FY 2021). Net income: LK₨104.2m (down 37% from FY 2021). Profit margin: 2.4% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 28
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be LK₨215, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 30%. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨178, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 267% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Dinal Mario Phillips was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨153, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 201% over the past three years. Buying Opportunity • Mar 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be LK₨207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 37%. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to LK₨201, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 280% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨17.95 (up from LK₨6.30 in 3Q 2021). Revenue: LK₨1.32b (up 59% from 3Q 2021). Net income: LK₨91.7m (up 185% from 3Q 2021). Profit margin: 7.0% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 24% share price gain to LK₨253, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 372% over the past three years. Recent Insider Transactions • Jan 05
MD & Executive Director recently sold LK₨1.1m worth of stock On the 29th of December, Behman Pestonjee sold around 5k shares on-market at roughly LK₨215 per share. In the last 3 months, they made an even bigger sale worth LK₨1.1m. Despite this recent sale, insiders have collectively bought LK₨31m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 22% share price gain to LK₨189, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Consumer Durables industry in Asia. Total returns to shareholders of 252% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS LK₨4.38 (vs LK₨9.27 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: LK₨890.8m (up 5.0% from 2Q 2021). Net income: LK₨22.4m (down 53% from 2Q 2021). Profit margin: 2.5% (down from 5.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 23
Upcoming dividend of LK₨3.00 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 22 October 2021. Trailing yield: 1.9%. Lower than top quartile of Sri Lankan dividend payers (5.8%). In line with average of industry peers (2.1%). Reported Earnings • Aug 22
First quarter 2022 earnings released: EPS LK₨0.41 (vs LK₨1.43 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨757.6m (up 81% from 1Q 2021). Net income: LK₨2.11m (up LK₨9.44m from 1Q 2021). Profit margin: 0.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨179, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 140% over the past three years. Reported Earnings • May 30
Full year 2021 earnings released: EPS LK₨32.34 (vs LK₨16.94 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: LK₨3.13b (up 4.8% from FY 2020). Net income: LK₨165.3m (up 91% from FY 2020). Profit margin: 5.3% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 19
MD & Executive Director recently bought LK₨15m worth of stock On the 15th of March, Behman Pestonjee bought around 98k shares on-market at roughly LK₨156 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨38m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 07
MD & Executive Director recently bought LK₨3.9m worth of stock On the 1st of March, Behman Pestonjee bought around 23k shares on-market at roughly LK₨168 per share. In the last 3 months, they made an even bigger purchase worth LK₨8.8m. Insiders have collectively bought LK₨23m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 24
MD & Executive Director recently bought LK₨8.8m worth of stock On the 18th of February, Behman Pestonjee bought around 50k shares on-market at roughly LK₨175 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨19m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS LK₨6.30 (vs LK₨5.69 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: LK₨830.8m (down 6.4% from 3Q 2020). Net income: LK₨32.2m (up 11% from 3Q 2020). Profit margin: 3.9% (up from 3.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year. Recent Insider Transactions • Feb 05
Chairperson recently bought LK₨5.2m worth of stock On the 1st of February, Aban Pestonjee bought around 28k shares on-market at roughly LK₨185 per share. This was the largest purchase by an insider in the last 3 months. Aban has been a buyer over the last 12 months, purchasing a net total of LK₨9.8m worth in shares. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 28% share price gain to LK₨186, the stock is trading at a trailing P/E ratio of 14x, up from the previous P/E ratio of 10.9x. This compares to an average P/E of 20x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 151%. Is New 90 Day High Low • Jan 22
New 90-day high: LK₨151 The company is up 72% from its price of LK₨88.00 on 23 October 2020. The Sri Lankan market is up 40% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 28% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 20% share price gain to LK₨141, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 82%. Is New 90 Day High Low • Dec 10
New 90-day high: LK₨141 The company is up 55% from its price of LK₨91.30 on 11 September 2020. The Sri Lankan market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 17% share price gain to LK₨107, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 32%. Reported Earnings • Nov 12
Second quarter 2021 earnings released: EPS LK₨9.27 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: LK₨848.7m (up 15% from 2Q 2020). Net income: LK₨47.4m (up 5.5% from 2Q 2020). Profit margin: 5.6% (down from 6.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 16% share price gain to LK₨102, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 20x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 23%. Is New 90 Day High Low • Nov 10
New 90-day high: LK₨102 The company is up 6.0% from its price of LK₨96.00 on 12 August 2020. The Sri Lankan market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period.