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Sri Lankan (CSE) Banks Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
Companies11
  • 7D-2.1%
  • 3M0.4%
  • 1Y8.3%
  • YTD4.6%

Over the last 7 days, the Banks industry has dropped 2.1%, driven by a pullback from Commercial Bank of Ceylon of 3.0%. This takes the industry's 12 month performance to a gain of 8.3%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sat, 04 Dec 2021LK₨357.3bLK₨280.1bLK₨81.6b4.7x
Mon, 01 Nov 2021LK₨384.5bLK₨271.1bLK₨76.6b5.2x
Wed, 29 Sep 2021LK₨351.6bLK₨268.8bLK₨75.2b4.9x
Fri, 27 Aug 2021LK₨360.6bLK₨268.8bLK₨75.2b5x
Sat, 03 Jul 2021LK₨353.4bLK₨268.8bLK₨75.2b4.8x
Tue, 06 Apr 2021LK₨337.0bLK₨254.1bLK₨67.7b5.1x
Fri, 08 Jan 2021LK₨309.8bLK₨239.6bLK₨57.4b6.1x
Thu, 01 Oct 2020LK₨310.6bLK₨245.1bLK₨61.7b4.9x
Sun, 05 Jul 2020LK₨290.9bLK₨255.3bLK₨64.3b4.6x
Wed, 08 Apr 2020LK₨247.3bLK₨262.9bLK₨64.8b4.2x
Tue, 31 Dec 2019LK₨368.9bLK₨263.0bLK₨61.3b6.1x
Fri, 04 Oct 2019LK₨352.5bLK₨263.9bLK₨57.9b5.8x
Mon, 08 Jul 2019LK₨319.0bLK₨258.1bLK₨58.0b5.7x
Sun, 31 Mar 2019LK₨349.2bLK₨257.0bLK₨61.0b6.9x
Wed, 02 Jan 2019LK₨410.8bLK₨256.3bLK₨65.9b6.6x
PE Ratio

6.6x

Total Market Cap: LK₨410.8bTotal Earnings: LK₨65.9bTotal Revenue: LK₨256.3b0%0%0%3 Year10 Year
20202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 5.6x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Banks industry have grown 7.4% per year over the last three years, and revenues for these companies have grown 3.0% 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 Banks industry?

Diversified Banks-2.13%

Industry PE: Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 5.6x. However analysts are expecting annual earnings growth of 12%, which is lower than the prior year's growth of 29% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 12% over the next 5 years. However this is lower than its past earnings growth rate of 29% per year.

Top Stock Gainers and Losers

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

Company7D1YValuation
SEYB.N0000 Seylan Bank0.9%+LK₨207.2m2.3%PB0.4x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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