Sri Lankan (CSE) Utilities Sector Analysis
UpdatedNov 28, 2022
DataAggregated Company Financials
Companies8
- 7D1.1%
- 3M-9.4%
- 1Y-23.9%
- YTD-25.5%
The Utilities industry is up 1.1% in the last week, with LAUGFS Power up 10%. Meanwhile, Panasian Power actually underperformed within the industry, shrinking 8.8% in the last week. In the past year, the industry is down 24%. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Tue, 29 Nov 2022 | LK₨41.1b | LK₨12.5b | LK₨751.2m | 6.7x | 54.7x | 3.3x |
| Thu, 27 Oct 2022 | LK₨44.1b | LK₨12.2b | LK₨2.6b | 9.1x | 17.1x | 3.6x |
| Sat, 24 Sep 2022 | LK₨47.5b | LK₨12.2b | LK₨2.6b | 9.6x | 18.5x | 3.9x |
| Mon, 22 Aug 2022 | LK₨46.3b | LK₨12.1b | LK₨2.6b | 9.7x | 17.7x | 3.8x |
| Wed, 20 Jul 2022 | LK₨43.2b | LK₨11.7b | LK₨3.2b | 7.3x | 13.4x | 3.7x |
| Fri, 17 Jun 2022 | LK₨42.3b | LK₨11.7b | LK₨3.1b | 7.1x | 13.4x | 3.6x |
| Sun, 15 May 2022 | LK₨45.6b | LK₨11.7b | LK₨5.5b | 7.9x | 8.3x | 3.9x |
| Tue, 12 Apr 2022 | LK₨45.0b | LK₨11.7b | LK₨5.5b | 7.8x | 8.2x | 3.8x |
| Thu, 10 Mar 2022 | LK₨50.4b | LK₨11.7b | LK₨5.5b | 8.2x | 9.2x | 4.3x |
| Sat, 05 Feb 2022 | LK₨58.8b | LK₨11.3b | LK₨5.4b | 10.8x | 11x | 5.2x |
| Mon, 03 Jan 2022 | LK₨54.6b | LK₨11.3b | LK₨5.4b | 9.6x | 10.1x | 4.8x |
| Wed, 01 Dec 2021 | LK₨54.4b | LK₨11.3b | LK₨5.4b | 9.4x | 10.1x | 4.8x |
| Fri, 29 Oct 2021 | LK₨52.5b | LK₨11.0b | LK₨4.9b | 8.9x | 10.7x | 4.8x |
| Sun, 26 Sep 2021 | LK₨51.9b | LK₨11.0b | LK₨4.9b | 8.7x | 10.6x | 4.7x |
| Tue, 24 Aug 2021 | LK₨51.4b | LK₨11.0b | LK₨4.9b | 8.7x | 10.5x | 4.7x |
| Wed, 30 Jun 2021 | LK₨51.5b | LK₨11.0b | LK₨4.9b | 8.2x | 10.5x | 4.7x |
| Sat, 03 Apr 2021 | LK₨24.3b | LK₨5.8b | LK₨2.7b | 8.9x | 9x | 4.2x |
| Tue, 05 Jan 2021 | LK₨26.4b | LK₨5.5b | LK₨2.3b | 12.6x | 11.4x | 4.8x |
| Fri, 09 Oct 2020 | LK₨23.9b | LK₨5.7b | LK₨2.3b | 9.8x | 10.2x | 4.2x |
| Thu, 02 Jul 2020 | LK₨18.2b | LK₨5.4b | LK₨2.0b | 9.5x | 9x | 3.4x |
| Sun, 05 Apr 2020 | LK₨14.4b | LK₨5.1b | LK₨1.8b | 8.6x | 7.9x | 2.8x |
| Wed, 08 Jan 2020 | LK₨19.6b | LK₨5.3b | LK₨2.0b | 12x | 9.6x | 3.7x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are optimistic on the Sri Lankan Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 54.7x which is higher than its 3-year average PE of 11.2x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 38% 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 Utilities sector?
| LK Market | 4.82% | |
| Utilities | 1.06% | |
| Renewable Energy | 1.06% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 11.2x.
- Analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings decline of 15.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| LPL.N0000 LAUGFS Power | LK₨9.70 | 10.2% +LK₨348.3m | -11.8% | PS3.7x | |
| VPEL.N0000 Vallibel Power Erathna | LK₨6.50 | 4.8% +LK₨224.1m | -24.4% | PE6.7x | |
| WIND.N0000 WindForce | LK₨14.60 | 0.7% +LK₨135.1m | -20.7% | PE13.6x | |
| HPWR.N0000 Resus Energy | LK₨12.40 | 5.1% +LK₨51.7m | -57.6% | PE2.8x |