Sri Lankan (CSE) Utilities Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies8
- 7D2.2%
- 3M-0.1%
- 1Y13.6%
- YTD15.8%
In the last week, the Utilities industry is up 1.5%, with WindForce up 2.7%. Meanwhile, LAUGFS Power actually underperformed within the industry, shrinking 9.4% in the last week. This means that the industry has gained 14% over the past year. Earnings are forecast to grow by 22% annually.
Sector Valuation and Performance
Has the Sri Lankan Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | LK₨47.9b | LK₨14.6b | LK₨4.2b | 7.7x | 11.5x | 3.3x |
| Mon, 30 Oct 2023 | LK₨46.2b | LK₨13.2b | LK₨2.2b | 14.1x | 21x | 3.5x |
| Wed, 27 Sep 2023 | LK₨47.3b | LK₨13.2b | LK₨2.2b | 14.3x | 21.5x | 3.6x |
| Fri, 25 Aug 2023 | LK₨48.4b | LK₨13.2b | LK₨2.2b | 14.8x | 22x | 3.7x |
| Sun, 23 Jul 2023 | LK₨46.0b | LK₨13.4b | LK₨2.3b | 8.8x | 19.8x | 3.4x |
| Tue, 20 Jun 2023 | LK₨43.2b | LK₨13.3b | LK₨2.3b | 9x | 18.9x | 3.2x |
| Thu, 18 May 2023 | LK₨42.8b | LK₨12.6b | LK₨1.7b | 9.8x | 24.9x | 3.4x |
| Sat, 15 Apr 2023 | LK₨45.7b | LK₨12.6b | LK₨1.7b | 11.3x | 26.6x | 3.6x |
| Mon, 13 Mar 2023 | LK₨44.4b | LK₨12.6b | LK₨1.7b | 11.3x | 25.9x | 3.5x |
| Wed, 08 Feb 2023 | LK₨41.0b | LK₨12.5b | LK₨652.4m | 6.8x | 62.9x | 3.3x |
| Fri, 06 Jan 2023 | LK₨40.8b | LK₨12.5b | LK₨751.2m | 6.5x | 54.3x | 3.3x |
| Sun, 04 Dec 2022 | LK₨41.8b | LK₨12.5b | LK₨751.2m | 6.7x | 55.6x | 3.3x |
| Tue, 01 Nov 2022 | LK₨43.8b | LK₨12.2b | LK₨2.6b | 9x | 17x | 3.6x |
| Thu, 29 Sep 2022 | LK₨48.6b | LK₨12.2b | LK₨2.6b | 9.9x | 18.9x | 4x |
| Sat, 27 Aug 2022 | LK₨44.9b | LK₨12.1b | LK₨2.6b | 9.6x | 17.1x | 3.7x |
| Mon, 25 Jul 2022 | LK₨44.1b | LK₨11.7b | LK₨3.2b | 7.2x | 13.7x | 3.8x |
| Wed, 22 Jun 2022 | LK₨41.3b | LK₨11.7b | LK₨3.1b | 6.8x | 13.1x | 3.5x |
| Fri, 20 May 2022 | LK₨46.4b | LK₨11.7b | LK₨5.5b | 8.1x | 8.5x | 4x |
| Sun, 17 Apr 2022 | LK₨45.0b | LK₨11.7b | LK₨5.5b | 7.8x | 8.2x | 3.8x |
| Tue, 15 Mar 2022 | LK₨51.3b | LK₨11.7b | LK₨5.5b | 8.6x | 9.4x | 4.4x |
| Thu, 10 Feb 2022 | LK₨56.1b | LK₨11.3b | LK₨5.4b | 10.5x | 10.5x | 5x |
| Sat, 08 Jan 2022 | LK₨59.3b | LK₨11.3b | LK₨5.4b | 10.3x | 11x | 5.3x |
| Mon, 06 Dec 2021 | LK₨55.0b | LK₨11.3b | LK₨5.4b | 9.5x | 10.2x | 4.9x |
| Wed, 03 Nov 2021 | LK₨52.3b | LK₨11.0b | LK₨4.9b | n/a | 10.7x | 4.7x |
| Fri, 01 Oct 2021 | LK₨52.3b | LK₨11.0b | LK₨4.9b | 8.8x | 10.7x | 4.7x |
| Sun, 29 Aug 2021 | LK₨51.2b | LK₨11.0b | LK₨4.9b | 8.7x | 10.5x | 4.6x |
| Mon, 05 Jul 2021 | LK₨51.5b | LK₨11.0b | LK₨4.9b | 8.2x | 10.5x | 4.7x |
| Thu, 08 Apr 2021 | LK₨24.3b | LK₨5.8b | LK₨2.7b | 8.9x | 9x | 4.2x |
| Sun, 10 Jan 2021 | LK₨26.4b | LK₨5.5b | LK₨2.3b | 12.6x | 11.4x | 4.8x |
Price to Earnings Ratio
10.9x
Current Industry PE
- Investors are pessimistic on the Sri Lankan Utilities 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 11.4x which is lower than its 3-year average PE of 18.2x.
- The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 37% 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 Utilities sector?
| LK Market | 1.26% | |
| Utilities | 2.21% | |
| Renewable Energy | 2.21% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 18.2x.
- Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 28.0% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 18.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WIND.N0000 WindForce | LK₨19.20 | 3.8% +LK₨945.5m | 28.9% | PE15.8x | |
| VLL.N0000 Vidullanka | LK₨6.70 | 1.5% +LK₨94.4m | 4.7% | PE5.8x | |
| PAP.N0000 Panasian Power | LK₨3.20 | 3.2% +LK₨62.5m | -11.1% | PS2.1x | |
| HPWR.N0000 Resus Energy | LK₨15.30 | 1.3% +LK₨17.2m | 22.4% | PE4.9x |