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Sri Lankan (CSE) Market Analysis & Valuation
UpdatedOct 16, 2024
DataAggregated Company Financials
Companies262
- 7D1.5%
- 3M1.9%
- 1Y10.4%
- YTD12.6%
Over the last 7 days, the market has risen 1.8%, driven by gains of 2.1% in the Consumer Staples sector. In the last year, the market has climbed 8.7%. Earnings are forecast to grow by 36% annually.
Trending IndustriesRenewable Energy
Market Valuation and Performance
Has the Sri Lankan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Oct 2024 | LK₨4.4t | LK₨6.5t | LK₨564.4b | 7.8x | 7.8x | 0.7x |
| Fri, 13 Sep 2024 | LK₨3.8t | LK₨6.5t | LK₨563.1b | 7.2x | 6.8x | 0.6x |
| Sun, 11 Aug 2024 | LK₨4.1t | LK₨6.4t | LK₨522.4b | 8x | 7.8x | 0.6x |
| Tue, 09 Jul 2024 | LK₨4.3t | LK₨6.3t | LK₨510.4b | 8x | 8.4x | 0.7x |
| Thu, 06 Jun 2024 | LK₨4.5t | LK₨6.4t | LK₨504.6b | 8.3x | 8.8x | 0.7x |
| Sat, 04 May 2024 | LK₨4.8t | LK₨6.4t | LK₨455.8b | 9.2x | 10.6x | 0.7x |
| Mon, 01 Apr 2024 | LK₨4.5t | LK₨6.4t | LK₨464.8b | 8.7x | 9.6x | 0.7x |
| Wed, 28 Feb 2024 | LK₨4.1t | LK₨6.4t | LK₨456.9b | 7.9x | 9x | 0.6x |
| Fri, 26 Jan 2024 | LK₨4.2t | LK₨6.5t | LK₨381.9b | 7.9x | 11x | 0.6x |
| Sun, 24 Dec 2023 | LK₨4.3t | LK₨6.5t | LK₨373.4b | 7.8x | 11.5x | 0.7x |
| Tue, 21 Nov 2023 | LK₨4.3t | LK₨6.6t | LK₨378.5b | 8x | 11.5x | 0.7x |
| Thu, 19 Oct 2023 | LK₨4.4t | LK₨6.7t | LK₨392.4b | 7.5x | 11.1x | 0.6x |
| Sat, 16 Sep 2023 | LK₨4.7t | LK₨6.8t | LK₨391.1b | 8.1x | 11.9x | 0.7x |
| Mon, 14 Aug 2023 | LK₨4.7t | LK₨6.7t | LK₨463.4b | 7.3x | 10.1x | 0.7x |
| Wed, 12 Jul 2023 | LK₨4.3t | LK₨6.9t | LK₨518.4b | 6.6x | 8.4x | 0.6x |
| Fri, 09 Jun 2023 | LK₨3.8t | LK₨7.1t | LK₨516.5b | 5.9x | 7.3x | 0.5x |
| Sun, 07 May 2023 | LK₨3.8t | LK₨6.7t | LK₨646.2b | 5.6x | 5.8x | 0.6x |
| Tue, 04 Apr 2023 | LK₨3.9t | LK₨6.8t | LK₨675.5b | 6x | 5.8x | 0.6x |
| Thu, 02 Mar 2023 | LK₨3.9t | LK₨6.8t | LK₨674.8b | 5.6x | 5.8x | 0.6x |
| Sat, 28 Jan 2023 | LK₨3.9t | LK₨6.6t | LK₨759.9b | 5.4x | 5.1x | 0.6x |
| Mon, 26 Dec 2022 | LK₨3.8t | LK₨6.5t | LK₨752.1b | 5.2x | 5x | 0.6x |
| Wed, 23 Nov 2022 | LK₨3.5t | LK₨6.5t | LK₨749.9b | 5.1x | 4.7x | 0.5x |
| Fri, 21 Oct 2022 | LK₨3.8t | LK₨6.0t | LK₨716.5b | 6.8x | 5.3x | 0.6x |
| Sun, 18 Sep 2022 | LK₨4.4t | LK₨6.0t | LK₨716.2b | 7.2x | 6.1x | 0.7x |
| Tue, 16 Aug 2022 | LK₨4.0t | LK₨5.7t | LK₨653.2b | 6.6x | 6.1x | 0.7x |
| Thu, 14 Jul 2022 | LK₨3.2t | LK₨5.3t | LK₨618.2b | 6.1x | 5.1x | 0.6x |
| Sat, 11 Jun 2022 | LK₨3.5t | LK₨5.3t | LK₨621.7b | 6.7x | 5.7x | 0.7x |
| Mon, 09 May 2022 | LK₨3.2t | LK₨4.9t | LK₨513.1b | 6.1x | 6.3x | 0.7x |
| Wed, 06 Apr 2022 | LK₨3.7t | LK₨4.7t | LK₨477.9b | 7.3x | 7.6x | 0.8x |
| Fri, 04 Mar 2022 | LK₨5.0t | LK₨4.7t | LK₨475.1b | 9.2x | 10.5x | 1.1x |
| Sun, 30 Jan 2022 | LK₨5.7t | LK₨4.2t | LK₨402.3b | 12.2x | 14.1x | 1.3x |
| Tue, 28 Dec 2021 | LK₨5.3t | LK₨4.2t | LK₨392.1b | 10.4x | 13.6x | 1.3x |
| Thu, 25 Nov 2021 | LK₨4.8t | LK₨4.1t | LK₨391.3b | 9.4x | 12.3x | 1.2x |
| Sat, 23 Oct 2021 | LK₨4.4t | LK₨3.9t | LK₨352.4b | 8.6x | 12.4x | 1.1x |
Price to Earnings Ratio
12.4x
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 8.6x.
Past Earnings Growth
- The earnings for Sri Lankan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 18% 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 Market | 1.53% | |
| Telecom | 16.31% | |
| Tech | 6.79% | |
| Healthcare | 5.45% | |
| Energy | 3.33% | |
| Consumer Discretionary | 1.79% | |
| Utilities | 1.16% | |
| Consumer Staples | 0.86% | |
| Materials | 0.68% | |
| Industrials | 0.53% | |
| Financials | 0.38% | |
| Real Estate | 0.047% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 186x.
- Analysts are expecting annual earnings growth of 29.0%, which is lower than the prior year's growth of 37.2% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 7.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings growth rate of 3.3% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.4% 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 | Sector | |
|---|---|---|---|---|---|---|
| SLTL.N0000 Sri Lanka Telecom | LK₨68.30 | 11.6% +LK₨12.8b | -24.0% | PS1.1x | Telecom | |
| DIAL.N0000 Dialog Axiata | LK₨10.30 | 8.4% +LK₨7.4b | 2.0% | PE9.9x | Telecom | |
| JKH.N0000 John Keells Holdings | LK₨196.50 | 1.4% +LK₨4.1b | 3.4% | PE33.1x | Industrials | |
| MELS.N0000 Melstacorp | LK₨90.00 | 3.2% +LK₨3.3b | 15.5% | PE9.7x | Consumer Staples | |
| DIST.N0000 Distilleries Company of Sri Lanka | LK₨27.70 | 2.2% +LK₨2.8b | 6.9% | PE9.3x | Consumer Staples |
