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Sri Lankan (CSE) Banks Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies11
  • 7D2.2%
  • 3M0.2%
  • 1Y-40.7%
  • YTD-37.1%

In the last week, the Banks industry is up 2.2%, with Hatton National Bank leading the way, up 4.0%. In the past year, the industry is down 41%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 29 Nov 2021LK₨363.9bLK₨280.1bLK₨81.6b4.8x4.5x1.3x
Wed, 27 Oct 2021LK₨373.3bLK₨268.8bLK₨75.2b5.4x5x1.4x
Fri, 24 Sep 2021LK₨352.1bLK₨268.8bLK₨75.2b5x4.7x1.3x
Sun, 22 Aug 2021LK₨343.4bLK₨268.8bLK₨75.2b4.8x4.6x1.3x
Fri, 09 Jul 2021LK₨353.4bLK₨268.8bLK₨75.2b4.8x4.7x1.3x
Thu, 01 Apr 2021LK₨337.0bLK₨254.1bLK₨67.7b5.1x5x1.3x
Sun, 03 Jan 2021LK₨309.8bLK₨239.6bLK₨57.4b6.1x5.4x1.3x
Wed, 07 Oct 2020LK₨310.6bLK₨245.1bLK₨61.7b4.9x5x1.3x
Tue, 30 Jun 2020LK₨290.9bLK₨255.3bLK₨64.3b4.6x4.5x1.1x
Fri, 03 Apr 2020LK₨247.3bLK₨262.9bLK₨64.8b4.2x3.8x0.9x
Mon, 06 Jan 2020LK₨368.9bLK₨263.0bLK₨61.3b6.1x6x1.4x
Price to Earnings Ratio

6.6x


Total Market Cap: LK₨380.8bTotal Earnings: LK₨57.9bTotal Revenue: LK₨263.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Banks Industry Price to Earnings3Y Average 4.5x202020212022
Current Industry PE
  • Investors are pessimistic on the Sri Lankan Banks 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 3.3x which is lower than its 3-year average PE of 4.5x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.5% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market4.82%
Financials2.14%
Banks2.23%
Diversified Banks2.23%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 4.5x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 14.0% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 4.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 17% 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
HNB.N0000 Hatton National BankLK₨76.004.0%
+LK₨1.6b
-49.5%PB0.2x
SAMP.N0000 Sampath BankLK₨32.804.1%
+LK₨1.5b
-40.4%PB0.3x
NTB.N0000 Nations Trust BankLK₨49.109.1%
+LK₨1.2b
-6.9%PB0.3x
COMB.N0000 Commercial Bank of CeylonLK₨50.400.8%
+LK₨495.9m
-36.7%PB0.3x
SEYB.N0000 Seylan BankLK₨28.801.1%
+LK₨161.8m
-30.9%PB0.3x
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Latest News

HNB.N0000

LK₨76.00

Hatton National Bank

7D

4.0%

1Y

-49.5%

SDB.N0000

LK₨21.20

SANASA Development Bank

7D

2.4%

1Y

-56.9%

NDB.N0000

LK₨32.10

National Development Bank

7D

1.3%

1Y

-51.9%

NTB.N0000

LK₨49.10

Nations Trust Bank

7D

9.1%

1Y

-6.9%

SEYB.N0000

LK₨28.80

Seylan Bank

7D

1.1%

1Y

-30.9%

SAMP.N0000

LK₨32.80

Sampath Bank

7D

4.1%

1Y

-40.4%

DFCC.N0000

LK₨31.80

DFCC Bank

7D

-2.2%

1Y

-45.3%

COMB.N0000

LK₨50.40

Commercial Bank of Ceylon

7D

0.8%

1Y

-36.7%

PABC.N0000

LK₨9.10

Pan Asia Banking

7D

-3.2%

1Y

-43.1%