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Sri Lankan (CSE) Banks Industry Analysis

UpdatedDec 25, 2024
DataAggregated Company Financials
Companies12
  • 7D3.1%
  • 3M39.8%
  • 1Y56.0%
  • YTD51.1%

Over the last 7 days, the Banks industry has risen 2.3%, driven by gains from every company within the industry. This means that the industry has gained 54% over the past year. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Sri Lankan Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Dec 2024LK₨737.0bLK₨516.2bLK₨132.0b5.9x5.6x1.4x
Fri, 22 Nov 2024LK₨626.1bLK₨518.5bLK₨132.3b4.9x4.7x1.2x
Sun, 20 Oct 2024LK₨541.7bLK₨493.7bLK₨126.5b4.7x4.3x1.1x
Tue, 17 Sep 2024LK₨438.0bLK₨493.7bLK₨126.5b3.8x3.5x0.9x
Thu, 15 Aug 2024LK₨477.4bLK₨462.9bLK₨114.0b4.5x4.2x1x
Sat, 13 Jul 2024LK₨508.3bLK₨452.3bLK₨109.9b5x4.6x1.1x
Mon, 10 Jun 2024LK₨536.1bLK₨452.3bLK₨109.9b5.4x4.9x1.2x
Wed, 08 May 2024LK₨532.3bLK₨427.3bLK₨99.7b5.5x5.3x1.2x
Fri, 05 Apr 2024LK₨507.7bLK₨423.6bLK₨98.5b5.3x5.2x1.2x
Sun, 03 Mar 2024LK₨439.5bLK₨423.5bLK₨98.5b4.6x4.5x1x
Tue, 30 Jan 2024LK₨425.6bLK₨394.6bLK₨104.9b4x4.1x1.1x
Thu, 28 Dec 2023LK₨440.2bLK₨390.6bLK₨104.1b4.1x4.2x1.1x
Sat, 25 Nov 2023LK₨424.5bLK₨390.6bLK₨104.1b4.1x4.1x1.1x
Mon, 23 Oct 2023LK₨434.1bLK₨341.9bLK₨86.3b5.4x5x1.3x
Wed, 20 Sep 2023LK₨446.2bLK₨341.9bLK₨86.3b5.5x5.2x1.3x
Fri, 18 Aug 2023LK₨486.3bLK₨341.9bLK₨86.3b6.1x5.6x1.4x
Sun, 16 Jul 2023LK₨397.7bLK₨297.4bLK₨70.1b5.9x5.7x1.3x
Tue, 13 Jun 2023LK₨310.5bLK₨297.4bLK₨70.1b4.5x4.4x1x
Thu, 11 May 2023LK₨290.0bLK₨289.5bLK₨74.3b4.3x3.9x1x
Sat, 08 Apr 2023LK₨303.8bLK₨287.4bLK₨74.2b4.6x4.1x1.1x
Mon, 06 Mar 2023LK₨314.4bLK₨288.9bLK₨73.7b4.5x4.3x1.1x
Wed, 01 Feb 2023LK₨248.0bLK₨282.5bLK₨66.0b4.2x3.8x0.9x
Fri, 30 Dec 2022LK₨220.6bLK₨282.5bLK₨66.0b3.8x3.3x0.8x
Sun, 27 Nov 2022LK₨218.4bLK₨282.5bLK₨66.0b3.6x3.3x0.8x
Tue, 25 Oct 2022LK₨225.9bLK₨280.6bLK₨70.5b3.1x3.2x0.8x
Thu, 22 Sep 2022LK₨244.0bLK₨280.6bLK₨70.5b3.5x3.5x0.9x
Sat, 20 Aug 2022LK₨216.5bLK₨281.1bLK₨70.5b3.1x3.1x0.8x
Mon, 18 Jul 2022LK₨215.6bLK₨290.2bLK₨85.4b2.7x2.5x0.7x
Wed, 15 Jun 2022LK₨220.4bLK₨290.2bLK₨85.4b2.9x2.6x0.8x
Fri, 13 May 2022LK₨225.1bLK₨283.2bLK₨84.4b3x2.7x0.8x
Sun, 10 Apr 2022LK₨255.0bLK₨283.4bLK₨83.5b3.4x3.1x0.9x
Tue, 08 Mar 2022LK₨335.1bLK₨283.6bLK₨83.6b4.5x4x1.2x
Thu, 03 Feb 2022LK₨349.1bLK₨280.1bLK₨81.6b4.7x4.3x1.2x
Sat, 01 Jan 2022LK₨343.7bLK₨280.1bLK₨81.6b4.6x4.2x1.2x
Price to Earnings Ratio

4.2x


Total Market Cap: LK₨343.7bTotal Earnings: LK₨81.6bTotal Revenue: LK₨280.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Banks Industry Price to Earnings3Y Average 4.1x202220232024
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 5.5x which is higher than its 3-year average PE of 4.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 17% 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 industry?

LK Market4.45%
Financials5.14%
Banks3.11%
Diversified Banks3.11%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.1x.
    • Analysts are expecting annual earnings growth of 1.0%, which is lower than the prior year's growth of 23.1% 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 4.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 1.0% over the next 5 years.
  • In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
HNB.N0000 Hatton National BankLK₨284.004.4%
+LK₨6.9b
75.7%PB0.7x
SAMP.N0000 Sampath BankLK₨111.003.0%
+LK₨3.8b
57.7%PB0.8x
COMB.N0000 Commercial Bank of CeylonLK₨139.251.3%
+LK₨2.8b
52.7%PB0.9x
NDB.N0000 National Development BankLK₨94.705.9%
+LK₨2.2b
52.7%PB0.5x
SEYB.N0000 Seylan BankLK₨71.304.9%
+LK₨2.1b
76.7%PB0.7x
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Latest News

SDB.N0000

LK₨41.40

SANASA Development Bank

7D

25.5%

1Y

34.7%

NDB.N0000

LK₨94.70

National Development Bank

7D

5.9%

1Y

52.7%

HNB.N0000

LK₨284.00

Hatton National Bank

7D

4.4%

1Y

75.7%

COMB.N0000

LK₨139.25

Commercial Bank of Ceylon

7D

1.3%

1Y

52.7%

DFCC.N0000

LK₨93.20

DFCC Bank

7D

2.4%

1Y

21.6%

SAMP.N0000

LK₨111.00

Sampath Bank

7D

3.0%

1Y

57.7%

SEYB.N0000

LK₨71.30

Seylan Bank

7D

4.9%

1Y

76.7%