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Sri Lankan (CSE) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies258
  • 7D1.0%
  • 3M7.8%
  • 1Y11.3%
  • YTD7.0%

The market has climbed 2.0% in the last 7 days, lead by the Consumer Staples sector with a gain of 2.7%. In the last year, the market has climbed 13%. Earnings are forecast to grow by 15% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Sri Lankan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024LK₨4.4tLK₨6.4tLK₨462.8b8.6x9.5x0.7x
Thu, 15 Feb 2024LK₨4.0tLK₨6.4tLK₨379.9b7.6x10.6x0.6x
Sat, 13 Jan 2024LK₨4.3tLK₨6.5tLK₨385.5b7.7x11.2x0.7x
Mon, 11 Dec 2023LK₨4.4tLK₨6.5tLK₨373.4b7.7x11.7x0.7x
Wed, 08 Nov 2023LK₨4.5tLK₨6.6tLK₨373.5b7.7x11.9x0.7x
Fri, 06 Oct 2023LK₨4.5tLK₨6.8tLK₨392.2b7.8x11.6x0.7x
Sun, 03 Sep 2023LK₨4.5tLK₨6.7tLK₨404.1b7.7x11.2x0.7x
Tue, 01 Aug 2023LK₨4.6tLK₨6.7tLK₨474.3b7.3x9.8x0.7x
Thu, 29 Jun 2023LK₨4.0tLK₨7.1tLK₨515.9b6x7.7x0.6x
Sat, 27 May 2023LK₨3.7tLK₨6.8tLK₨638.3b5.5x5.8x0.5x
Mon, 24 Apr 2023LK₨3.9tLK₨6.8tLK₨675.2b5.9x5.8x0.6x
Wed, 22 Mar 2023LK₨4.0tLK₨6.8tLK₨673.9b6.1x5.9x0.6x
Fri, 17 Feb 2023LK₨3.8tLK₨6.8tLK₨695.7b5.5x5.4x0.6x
Sun, 15 Jan 2023LK₨3.6tLK₨6.5tLK₨751.8b5.3x4.8x0.6x
Tue, 13 Dec 2022LK₨4.0tLK₨6.5tLK₨752.2b5.4x5.3x0.6x
Thu, 10 Nov 2022LK₨3.6tLK₨6.3tLK₨734.2b6x5x0.6x
Sat, 08 Oct 2022LK₨3.9tLK₨6.0tLK₨716.1b6.9x5.4x0.6x
Mon, 05 Sep 2022LK₨4.1tLK₨6.0tLK₨715.8b6.6x5.7x0.7x
Wed, 03 Aug 2022LK₨3.3tLK₨5.5tLK₨650.0b6.4x5.1x0.6x
Fri, 01 Jul 2022LK₨3.2tLK₨5.3tLK₨622.5b6.3x5.2x0.6x
Sun, 29 May 2022LK₨3.8tLK₨5.0tLK₨516.7b7.2x7.4x0.8x
Tue, 26 Apr 2022LK₨3.2tLK₨4.7tLK₨478.7b6.2x6.7x0.7x
Thu, 24 Mar 2022LK₨4.5tLK₨4.7tLK₨477.8b8.4x9.4x1x
Sat, 19 Feb 2022LK₨5.5tLK₨4.6tLK₨462.0b9.9x11.9x1.2x
Mon, 17 Jan 2022LK₨6.0tLK₨4.2tLK₨394.1b11.7x15.1x1.4x
Wed, 15 Dec 2021LK₨5.2tLK₨4.2tLK₨391.7b10.1x13.3x1.3x
Fri, 12 Nov 2021LK₨4.7tLK₨4.1tLK₨368.7b9.1x12.8x1.2x
Sun, 10 Oct 2021LK₨4.3tLK₨3.9tLK₨352.4b8.6x12.1x1.1x
Tue, 07 Sep 2021LK₨4.0tLK₨3.9tLK₨352.4b8.6x11.4x1x
Thu, 05 Aug 2021LK₨3.5tLK₨3.9tLK₨353.2b8.4x10x0.9x
Sun, 09 May 2021LK₨3.2tLK₨3.5tLK₨312.5b8.1x10.1x0.9x
Price to Earnings Ratio

9.9x


Total Market Cap: LK₨3.1tTotal Earnings: LK₨310.8bTotal Revenue: LK₨3.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Market Price to Earnings3Y Average 8.9x202220232024
Current Market PE
  • Investors are relatively neutral on the Sri Lankan market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 8.9x.
Past Earnings Growth
  • The earnings for Sri Lankan listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Sri Lankan Market?

LK Market1.05%
Utilities3.10%
Consumer Staples2.32%
Real Estate1.30%
Healthcare1.15%
Industrials1.09%
Materials1.03%
Consumer Discretionary1.01%
Energy0.67%
Financials0.14%
Telecom-0.29%
Tech-3.42%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 14.3x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings decline of 9.4% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 9.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CTC.N0000 Ceylon TobaccoLK₨1.19k7.7%
+LK₨15.9b
75.7%PE8xConsumer Staples
HNB.N0000 Hatton National BankLK₨167.755.0%
+LK₨4.5b
29.8%PB0.4xFinancials
MELS.N0000 MelstacorpLK₨89.704.3%
+LK₨4.3b
57.1%PE16xConsumer Staples
CARG.N0000 Cargills (Ceylon)LK₨360.004.8%
+LK₨4.3b
53.2%PE15.8xConsumer Staples
DIAL.N0000 Dialog AxiataLK₨11.204.7%
+LK₨4.1b
9.8%PE4.6xTelecom
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

UAL.N0000

LK₨47.30

Union Assurance

7D

-16.4%

1Y

47.4%

CCS.N0000

LK₨55.10

Ceylon Cold Stores

7D

8.3%

1Y

41.3%

RCL.N0000

LK₨30.00

Royal Ceramics Lanka

7D

-6.0%

1Y

-8.3%

TILE.N0000

LK₨48.70

Lanka Tiles

7D

-9.5%

1Y

5.0%

LOFC.N0000

LK₨5.50

LOLC Finance

7D

-3.5%

1Y

-20.3%

HNB.N0000

LK₨167.75

Hatton National Bank

7D

5.0%

1Y

29.8%

BIL.N0000

LK₨5.20

Browns Investments

7D

-8.8%

1Y

-24.6%

CTC.N0000

LK₨1,185.75

Ceylon Tobacco

7D

7.7%

1Y

75.7%

LOLC.N0000

LK₨388.50

LOLC Holdings

7D

-5.6%

1Y

-3.1%

SLTL.N0000

LK₨91.40

Sri Lanka Telecom

7D

-2.9%

1Y

8.0%

MELS.N0000

LK₨89.70

Melstacorp

7D

4.3%

1Y

57.1%

LHCL.N0000

LK₨113.00

Lanka Hospitals

7D

-5.6%

1Y

1.3%

DIAL.N0000

LK₨11.20

Dialog Axiata

7D

4.7%

1Y

9.8%

SPEN.N0000

LK₨137.00

Aitken Spence

7D

7.9%

1Y

0%

CARG.N0000

LK₨360.00

Cargills (Ceylon)

7D

4.8%

1Y

53.2%

JKH.N0000

LK₨193.00

John Keells Holdings

7D

1.4%

1Y

33.1%