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Sri Lankan (CSE) Banks Industry Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies12
  • 7D-1.2%
  • 3M0.03%
  • 1Y47.7%
  • YTD-4.6%

Over the last 7 days, the Banks industry has dropped 1.2%, driven by pullbacks in DFCC Bank and Nations Trust Bank of 4.1% and 3.6%, respectively. In the past year, the industry has gained 48%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Feb 2024LK₨438.1bLK₨423.1bLK₨99.0b4.5x4.4x1x
Sat, 27 Jan 2024LK₨427.9bLK₨394.6bLK₨104.9b4x4.1x1.1x
Mon, 25 Dec 2023LK₨438.9bLK₨390.6bLK₨104.1b4.1x4.2x1.1x
Wed, 22 Nov 2023LK₨422.5bLK₨390.6bLK₨104.1b4.1x4.1x1.1x
Fri, 20 Oct 2023LK₨409.7bLK₨341.9bLK₨86.3b5x4.7x1.2x
Sun, 17 Sep 2023LK₨461.5bLK₨341.9bLK₨86.3b5.8x5.4x1.3x
Tue, 15 Aug 2023LK₨485.4bLK₨328.1bLK₨82.0b6.4x5.9x1.5x
Thu, 13 Jul 2023LK₨390.2bLK₨297.4bLK₨70.1b5.7x5.6x1.3x
Sat, 10 Jun 2023LK₨299.0bLK₨297.4bLK₨70.1b4.4x4.3x1x
Mon, 08 May 2023LK₨276.9bLK₨289.5bLK₨74.3b4.1x3.7x1x
Wed, 05 Apr 2023LK₨301.5bLK₨287.4bLK₨74.2b4.5x4.1x1x
Fri, 03 Mar 2023LK₨303.6bLK₨286.4bLK₨73.5b4.3x4.1x1.1x
Sun, 29 Jan 2023LK₨247.8bLK₨282.5bLK₨66.0b4.2x3.8x0.9x
Tue, 27 Dec 2022LK₨222.2bLK₨282.5bLK₨66.0b3.8x3.4x0.8x
Thu, 24 Nov 2022LK₨216.3bLK₨282.5bLK₨66.0b3.5x3.3x0.8x
Sat, 22 Oct 2022LK₨225.9bLK₨280.6bLK₨70.5b3.1x3.2x0.8x
Mon, 19 Sep 2022LK₨253.1bLK₨280.6bLK₨70.5b3.7x3.6x0.9x
Wed, 17 Aug 2022LK₨223.0bLK₨291.5bLK₨79.7b2.9x2.8x0.8x
Fri, 15 Jul 2022LK₨211.0bLK₨290.2bLK₨85.4b2.6x2.5x0.7x
Sun, 12 Jun 2022LK₨218.9bLK₨290.2bLK₨85.4b2.9x2.6x0.8x
Tue, 10 May 2022LK₨225.1bLK₨283.2bLK₨84.4b3x2.7x0.8x
Thu, 07 Apr 2022LK₨270.0bLK₨283.5bLK₨83.6b3.6x3.2x1x
Sat, 05 Mar 2022LK₨340.5bLK₨283.6bLK₨83.6b4.6x4.1x1.2x
Mon, 31 Jan 2022LK₨353.6bLK₨280.1bLK₨81.6b4.8x4.3x1.3x
Wed, 29 Dec 2021LK₨342.6bLK₨280.1bLK₨81.6b4.6x4.2x1.2x
Fri, 26 Nov 2021LK₨364.5bLK₨280.1bLK₨81.6b4.7x4.5x1.3x
Sun, 24 Oct 2021LK₨374.7bLK₨268.8bLK₨75.2b5.4x5x1.4x
Tue, 21 Sep 2021LK₨352.5bLK₨268.8bLK₨75.2b5x4.7x1.3x
Thu, 19 Aug 2021LK₨344.0bLK₨268.8bLK₨75.2b4.8x4.6x1.3x
Thu, 03 Jun 2021LK₨351.4bLK₨254.1bLK₨67.7b5.2x5.2x1.4x
Sun, 07 Mar 2021LK₨342.6bLK₨239.6bLK₨57.4b6.4x6x1.4x
Price to Earnings Ratio

6x


Total Market Cap: LK₨342.6bTotal Earnings: LK₨57.4bTotal Revenue: LK₨239.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Banks Industry Price to Earnings3Y Average 4.2x202220232024
Current Industry PE
  • Investors are relatively neutral on the Sri Lankan Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 4.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market0.59%
Financials-0.62%
Banks-1.23%
Regional Banks0%
Diversified Banks-1.23%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 4.2x.
    • Analysts are expecting annual earnings growth of 15.5%, which is lower than the prior year's growth of 48.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 4.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified 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 Diversified 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
SAMP.N0000 Sampath BankLK₨73.501.5%
+LK₨1.3b
39.7%PB0.5x
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Latest News

UBC.N0000

LK₨9.30

Union Bank of Colombo

7D

-1.1%

1Y

-2.1%

NTB.N0000

LK₨101.25

Nations Trust Bank

7D

-3.6%

1Y

68.1%

COMB.N0000

LK₨90.40

Commercial Bank of Ceylon

7D

-1.0%

1Y

42.9%

DFCC.N0000

LK₨72.46

DFCC Bank

7D

-1.6%

1Y

72.0%

NDB.N0000

LK₨60.00

National Development Bank

7D

-2.6%

1Y

43.6%

PABC.N0000

LK₨18.10

Pan Asia Banking

7D

-4.7%

1Y

38.2%

SAMP.N0000

LK₨73.50

Sampath Bank

7D

1.5%

1Y

39.7%

HNB.N0000

LK₨158.00

Hatton National Bank

7D

-0.3%

1Y

45.4%

SDB.N0000

LK₨30.00

SANASA Development Bank

7D

-3.5%

1Y

20.5%