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Sri Lankan (CSE) Financials Sector Analysis

UpdatedMar 01, 2024
DataAggregated Company Financials
Companies62
  • 7D-1.4%
  • 3M-8.0%
  • 1Y3.3%
  • YTD-5.7%

Over the last 7 days, the Financials industry has dropped 1.4%, driven by declines in LOLC Holdings and LOLC Finance of 2.2% and 2.4%, respectively. This takes the industry's 12 month performance to a gain of 3.3%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the Sri Lankan Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024LK₨1.1tLK₨1.1tLK₨241.3b5.4x4.6x1x
Sun, 28 Jan 2024LK₨1.3tLK₨1.0tLK₨219.6b7x5.7x1.2x
Tue, 26 Dec 2023LK₨1.3tLK₨1.0tLK₨219.2b6.4x6x1.3x
Thu, 23 Nov 2023LK₨1.3tLK₨1.0tLK₨219.1b6.2x6x1.3x
Sat, 21 Oct 2023LK₨1.4tLK₨955.1bLK₨182.5b6.1x7.5x1.4x
Mon, 18 Sep 2023LK₨1.5tLK₨952.8bLK₨182.2b6.6x8x1.5x
Wed, 16 Aug 2023LK₨1.5tLK₨957.9bLK₨188.8b6.9x7.8x1.5x
Fri, 14 Jul 2023LK₨1.4tLK₨892.4bLK₨167.9b6.3x8.1x1.5x
Sun, 11 Jun 2023LK₨1.1tLK₨905.1bLK₨167.8b5.3x6.6x1.2x
Tue, 09 May 2023LK₨1.0tLK₨835.6bLK₨206.7b6.4x5x1.2x
Thu, 06 Apr 2023LK₨1.1tLK₨832.8bLK₨206.9b6.9x5.3x1.3x
Sat, 04 Mar 2023LK₨1.1tLK₨832.5bLK₨206.1b7.1x5.5x1.4x
Mon, 30 Jan 2023LK₨1.1tLK₨799.9bLK₨210.3b6.8x5.2x1.4x
Wed, 28 Dec 2022LK₨1.1tLK₨798.8bLK₨210.1b6.2x5.2x1.4x
Fri, 25 Nov 2022LK₨974.5bLK₨799.1bLK₨210.3b6.3x4.6x1.2x
Sun, 23 Oct 2022LK₨1.1tLK₨820.2bLK₨218.1b6.9x4.9x1.3x
Tue, 20 Sep 2022LK₨1.2tLK₨818.9bLK₨217.8b6.1x5.5x1.5x
Thu, 18 Aug 2022LK₨1.1tLK₨609.3bLK₨217.2b5.6x4.9x1.7x
Sat, 16 Jul 2022LK₨921.5bLK₨780.9bLK₨217.6b5.8x4.2x1.2x
Mon, 13 Jun 2022LK₨1.1tLK₨777.8bLK₨217.4b6.2x5.2x1.4x
Wed, 11 May 2022LK₨1.1tLK₨730.3bLK₨191.5b5.4x5.8x1.5x
Fri, 08 Apr 2022LK₨1.2tLK₨731.3bLK₨190.1b6.3x6.2x1.6x
Sun, 06 Mar 2022LK₨1.8tLK₨731.1bLK₨190.1b9.5x9.3x2.4x
Tue, 01 Feb 2022LK₨1.9tLK₨697.3bLK₨169.2b12.1x11.1x2.7x
Thu, 30 Dec 2021LK₨1.7tLK₨683.1bLK₨165.8b9.9x10.1x2.4x
Sat, 27 Nov 2021LK₨1.8tLK₨675.9bLK₨165.2b8.5x10.8x2.6x
Mon, 25 Oct 2021LK₨1.4tLK₨660.6bLK₨147.9b6.8x9.7x2.2x
Wed, 22 Sep 2021LK₨1.2tLK₨659.8bLK₨147.3b6.7x7.8x1.7x
Fri, 20 Aug 2021LK₨1.1tLK₨665.9bLK₨148.6b7x7.6x1.7x
Fri, 04 Jun 2021LK₨914.5bLK₨612.3bLK₨150.3b7.1x6.1x1.5x
Mon, 08 Mar 2021LK₨915.7bLK₨568.9bLK₨110.0b7.7x8.3x1.6x
Price to Earnings Ratio

8.3x


Total Market Cap: LK₨915.7bTotal Earnings: LK₨110.0bTotal Revenue: LK₨568.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Financials Sector Price to Earnings3Y Average 6.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Sri Lankan Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 4.6x which is lower than its 3-year average PE of 6.7x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 23% 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 sector?

LK Market-0.22%
Financials-1.43%
Mortgage Finance0%
Mortgage REITs0%
Insurance-0.41%
Banks-1.26%
Consumer Finance-1.54%
Capital Markets-3.04%
Diversified Financial-8.21%
Industry PE
  • Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 7.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 49% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
LOFC.N0000 LOLC FinanceLK₨4.202.4%
+LK₨3.3b
-32.3%PE6.9x
UAL.N0000 Union AssuranceLK₨49.6010.2%
+LK₨2.7b
30.5%PE8.8x
COCR.N0000 Commercial Credit and FinanceLK₨31.807.1%
+LK₨668.0m
20.5%PE3.1x
SAMP.N0000 Sampath BankLK₨72.900.7%
+LK₨586.4m
33.4%PB0.5x
ASPH.N0000 Industrial Asphalts (Ceylon)LK₨0.4033.3%
+LK₨374.9m
33.3%PE16.5x
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Latest News

NTB.N0000

LK₨100.75

Nations Trust Bank

7D

-4.0%

1Y

61.9%

LGIL.N0000

LK₨6.00

LOLC General Insurance

7D

3.4%

1Y

-15.5%

COMB.N0000

LK₨88.70

Commercial Bank of Ceylon

7D

-2.8%

1Y

36.5%

DFCC.N0000

LK₨69.00

DFCC Bank

7D

-6.3%

1Y

50.5%

NDB.N0000

LK₨60.40

National Development Bank

7D

-1.9%

1Y

34.8%

CALF.N0000

LK₨45.00

Dialog Finance

7D

-14.9%

1Y

-29.7%

SAMP.N0000

LK₨72.90

Sampath Bank

7D

0.7%

1Y

33.4%

CRL.N0000

LK₨6.00

Softlogic Finance

7D

5.3%

1Y

-32.6%

CFIN.N0000

LK₨103.50

Central Finance

7D

-2.4%

1Y

37.3%

COCR.N0000

LK₨31.80

Commercial Credit and Finance

7D

7.1%

1Y

20.5%

ASPH.N0000

LK₨0.40

Industrial Asphalts (Ceylon)

7D

33.3%

1Y

33.3%

CALT.N0000

LK₨48.10

Capital Alliance

7D

-3.4%

1Y

44.4%

UAL.N0000

LK₨49.60

Union Assurance

7D

10.2%

1Y

30.5%

LOLC.N0000

LK₨317.00

LOLC Holdings

7D

-1.3%

1Y

-20.7%

LOFC.N0000

LK₨4.20

LOLC Finance

7D

2.4%

1Y

-32.3%