Sri Lankan (CSE) Real Estate Sector Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies19
- 7D-1.0%
- 3M-7.6%
- 1Y3.7%
- YTD2.7%
Over the last 7 days, the Real Estate industry has dropped 1.0%, driven by Colombo Land and Development declining 8.4%. In the past year, the industry has gained 3.7%.
Sector Valuation and Performance
Has the Sri Lankan Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | LK₨47.3b | LK₨20.0b | LK₨4.7b | 7.8x | 10.1x | 2.4x |
| Sat, 28 Oct 2023 | LK₨49.9b | LK₨27.3b | LK₨6.8b | 8.1x | 7.3x | 1.8x |
| Mon, 25 Sep 2023 | LK₨51.7b | LK₨28.4b | LK₨8.5b | 8x | 6.1x | 1.8x |
| Wed, 23 Aug 2023 | LK₨51.7b | LK₨28.4b | LK₨8.5b | 8.2x | 6.1x | 1.8x |
| Fri, 21 Jul 2023 | LK₨53.0b | LK₨33.9b | LK₨8.9b | 8.1x | 6x | 1.6x |
| Sun, 18 Jun 2023 | LK₨46.7b | LK₨33.9b | LK₨8.9b | 7.4x | 5.2x | 1.4x |
| Tue, 16 May 2023 | LK₨45.7b | LK₨34.4b | LK₨10.5b | 6.6x | 4.3x | 1.3x |
| Thu, 13 Apr 2023 | LK₨49.4b | LK₨40.6b | LK₨10.8b | 6.9x | 4.6x | 1.2x |
| Sat, 11 Mar 2023 | LK₨48.6b | LK₨40.6b | LK₨10.8b | 6.3x | 4.5x | 1.2x |
| Mon, 06 Feb 2023 | LK₨47.3b | LK₨40.2b | LK₨13.7b | 6.2x | 3.5x | 1.2x |
| Wed, 04 Jan 2023 | LK₨45.6b | LK₨40.2b | LK₨13.7b | 6x | 3.3x | 1.1x |
| Fri, 02 Dec 2022 | LK₨45.1b | LK₨40.2b | LK₨13.6b | 7x | 3.3x | 1.1x |
| Sun, 30 Oct 2022 | LK₨46.3b | LK₨34.1b | LK₨11.6b | 8.1x | 4x | 1.4x |
| Tue, 27 Sep 2022 | LK₨49.7b | LK₨33.4b | LK₨11.6b | 9.2x | 4.3x | 1.5x |
| Thu, 25 Aug 2022 | LK₨51.2b | LK₨33.4b | LK₨11.6b | 7.7x | 4.4x | 1.5x |
| Sat, 23 Jul 2022 | LK₨43.1b | LK₨27.5b | LK₨10.3b | 6.7x | 4.2x | 1.6x |
| Mon, 20 Jun 2022 | LK₨51.8b | LK₨28.4b | LK₨10.9b | 9.6x | 4.7x | 1.8x |
| Wed, 18 May 2022 | LK₨55.0b | LK₨27.7b | LK₨12.4b | 9.6x | 4.4x | 2x |
| Fri, 15 Apr 2022 | LK₨55.6b | LK₨21.8b | LK₨9.2b | 10.6x | 6.1x | 2.5x |
| Sun, 13 Mar 2022 | LK₨65.6b | LK₨21.8b | LK₨6.4b | 12.5x | 10.3x | 3x |
| Tue, 08 Feb 2022 | LK₨80.2b | LK₨21.0b | LK₨5.1b | 13.5x | 15.6x | 3.8x |
| Thu, 06 Jan 2022 | LK₨83.7b | LK₨20.4b | LK₨4.9b | 14.2x | 17x | 4.1x |
| Sat, 04 Dec 2021 | LK₨71.1b | LK₨20.2b | LK₨4.9b | 11.5x | 14.6x | 3.5x |
| Mon, 01 Nov 2021 | LK₨73.3b | LK₨19.6b | LK₨5.2b | 11.7x | 14.2x | 3.7x |
| Wed, 29 Sep 2021 | LK₨69.2b | LK₨18.7b | LK₨5.0b | 11.8x | 13.9x | 3.7x |
| Fri, 27 Aug 2021 | LK₨70.3b | LK₨18.3b | LK₨4.7b | 12x | 14.9x | 3.8x |
| Sat, 03 Jul 2021 | LK₨69.1b | LK₨18.3b | LK₨4.7b | 12.3x | 14.6x | 3.8x |
| Tue, 06 Apr 2021 | LK₨57.3b | LK₨9.5b | LK₨3.2b | 10.9x | 18x | 6x |
| Fri, 08 Jan 2021 | LK₨57.4b | LK₨9.2b | LK₨3.3b | 10.9x | 17.6x | 6.2x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are relatively neutral on the Sri Lankan Real Estate 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 9.6x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 3.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 26% 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 Real Estate sector?
| LK Market | -0.44% | |
| Real Estate | -1.04% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -1.04% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 9.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 9.6x.
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 | |
|---|---|---|---|---|---|
| OSEA.N0000 Overseas Realty (Ceylon) | LK₨15.00 | 1.4% +LK₨248.6m | 3.4% | PE4.7x | |
| ASCO.N0000 Lanka Realty Investments | LK₨10.70 | 3.9% +LK₨84.5m | -3.6% | PS1.8x | |
| SHAW.N0000 Lee Hedges | LK₨82.50 | 3.1% +LK₨64.0m | 3.8% | PE4.8x | |
| CSD.N0000 Seylan Developments | LK₨14.00 | 1.4% +LK₨29.6m | 20.7% | PE9x | |
| ETWO.N0000 Equity Two | LK₨39.00 | 2.4% +LK₨27.9m | -4.6% | PE10.9x |