Sri Lankan (CSE) Healthcare Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies7
- 7D-0.7%
- 3M-5.7%
- 1Y-5.8%
- YTD-6.1%
Over the last 7 days, the Healthcare industry has remained flat, although notably eChannelling gained 4.8%. As for the longer term, the industry has declined 5.8% in the last year.
Sector Valuation and Performance
Has the Sri Lankan Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | LK₨70.2b | LK₨67.6b | LK₨2.5b | 12.9x | 27.8x | 1x |
| Sun, 24 Mar 2024 | LK₨71.3b | LK₨67.6b | LK₨2.5b | 12.5x | 28.2x | 1.1x |
| Tue, 20 Feb 2024 | LK₨69.8b | LK₨67.0b | LK₨1.9b | 13.4x | 35.9x | 1x |
| Thu, 18 Jan 2024 | LK₨75.8b | LK₨65.9b | LK₨3.0b | 15.4x | 25.6x | 1.2x |
| Sat, 16 Dec 2023 | LK₨74.6b | LK₨65.9b | LK₨3.0b | 14.7x | 25.2x | 1.1x |
| Mon, 13 Nov 2023 | LK₨76.7b | LK₨65.1b | LK₨3.0b | 15.1x | 25.9x | 1.2x |
| Wed, 11 Oct 2023 | LK₨75.6b | LK₨63.9b | LK₨2.7b | 18.8x | 27.8x | 1.2x |
| Fri, 08 Sep 2023 | LK₨73.8b | LK₨63.9b | LK₨2.7b | 19x | 27.2x | 1.2x |
| Sun, 06 Aug 2023 | LK₨72.1b | LK₨60.2b | LK₨3.4b | 17x | 21.5x | 1.2x |
| Tue, 04 Jul 2023 | LK₨71.6b | LK₨60.2b | LK₨3.4b | 17x | 21.3x | 1.2x |
| Thu, 01 Jun 2023 | LK₨68.1b | LK₨60.2b | LK₨3.7b | 13.3x | 18.4x | 1.1x |
| Sat, 29 Apr 2023 | LK₨73.7b | LK₨60.1b | LK₨5.4b | 11x | 13.8x | 1.2x |
| Mon, 27 Mar 2023 | LK₨79.2b | LK₨60.1b | LK₨5.4b | 11.5x | 14.8x | 1.3x |
| Wed, 22 Feb 2023 | LK₨75.0b | LK₨59.9b | LK₨5.9b | 11.5x | 12.8x | 1.3x |
| Fri, 20 Jan 2023 | LK₨74.0b | LK₨58.1b | LK₨8.2b | 9x | 9.1x | 1.3x |
| Sun, 18 Dec 2022 | LK₨74.7b | LK₨58.1b | LK₨8.2b | 9.1x | 9.2x | 1.3x |
| Tue, 15 Nov 2022 | LK₨76.5b | LK₨60.1b | LK₨9.7b | 10x | 7.9x | 1.3x |
| Thu, 13 Oct 2022 | LK₨76.1b | LK₨60.1b | LK₨9.7b | 10.3x | 7.9x | 1.3x |
| Sat, 10 Sep 2022 | LK₨74.5b | LK₨60.1b | LK₨9.7b | 9.9x | 7.7x | 1.2x |
| Mon, 08 Aug 2022 | LK₨73.1b | LK₨62.0b | LK₨9.6b | 10.4x | 7.6x | 1.2x |
| Wed, 06 Jul 2022 | LK₨65.8b | LK₨60.9b | LK₨9.4b | 8.2x | 7x | 1.1x |
| Fri, 03 Jun 2022 | LK₨71.5b | LK₨64.6b | LK₨10.0b | 6.2x | 7.1x | 1.1x |
| Sun, 01 May 2022 | LK₨70.3b | LK₨63.5b | LK₨9.3b | 5.9x | 7.6x | 1.1x |
| Tue, 29 Mar 2022 | LK₨84.1b | LK₨63.5b | LK₨9.3b | 7.8x | 9.1x | 1.3x |
| Thu, 24 Feb 2022 | LK₨92.9b | LK₨62.7b | LK₨8.9b | 8.8x | 10.5x | 1.5x |
| Sat, 22 Jan 2022 | LK₨102.9b | LK₨58.5b | LK₨8.3b | 10.2x | 12.4x | 1.8x |
| Mon, 20 Dec 2021 | LK₨79.9b | LK₨58.5b | LK₨8.3b | 9x | 9.6x | 1.4x |
| Wed, 17 Nov 2021 | LK₨79.0b | LK₨53.9b | LK₨7.9b | 10.6x | 10x | 1.5x |
| Fri, 15 Oct 2021 | LK₨75.6b | LK₨51.3b | LK₨7.0b | 10.2x | 10.8x | 1.5x |
| Sun, 12 Sep 2021 | LK₨75.3b | LK₨51.3b | LK₨7.0b | 10.4x | 10.7x | 1.5x |
| Tue, 10 Aug 2021 | LK₨66.9b | LK₨51.3b | LK₨7.0b | 8.7x | 9.5x | 1.3x |
| Mon, 03 May 2021 | LK₨60.3b | LK₨46.3b | LK₨4.5b | 11.7x | 13.5x | 1.3x |
Price to Earnings Ratio
13.5x
Current Industry PE
- Investors are optimistic on the Sri Lankan Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.8x which is higher than its 3-year average PE of 14.9x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Sri Lankan Healthcare sector?
| LK Market | 3.04% | |
| Healthcare | -0.68% | |
| Healthtech | 4.83% | |
| Medical Equipment | 0% | |
| Biotech | 0% | |
| Pharma | 0% | |
| Life Sciences | 0% | |
| Healthcare Services | -0.82% | |
Industry PE
- Investors are most optimistic about the Healthtech industry which is trading above its 3-year average PE ratio of 27.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Healthcare Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.7x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ECL.N0000 eChannelling | LK₨15.20 | 4.8% +LK₨85.5m | 0% | PE42.4x |