Sri Lankan (CSE) Renewable Energy Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies8
- 7D-0.3%
- 3M7.7%
- 1Y23.9%
- YTD19.0%
Over the last 7 days, the Renewable Energy industry has remained flat. As for the the longer term, the industry is up 24% over the past 12 months. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the Sri Lankan Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | LK₨57.0b | LK₨18.0b | LK₨4.3b | 13.7x | 13.2x | 3.2x |
| Sun, 23 Jun 2024 | LK₨54.6b | LK₨18.0b | LK₨4.3b | 13.6x | 12.6x | 3x |
| Tue, 21 May 2024 | LK₨52.2b | LK₨16.3b | LK₨2.7b | 8.7x | 19.1x | 3.2x |
| Thu, 18 Apr 2024 | LK₨52.0b | LK₨16.0b | LK₨2.8b | 7.1x | 18.4x | 3.2x |
| Sat, 16 Mar 2024 | LK₨49.6b | LK₨16.0b | LK₨2.8b | 6.9x | 17.5x | 3.1x |
| Mon, 12 Feb 2024 | LK₨49.1b | LK₨15.6b | LK₨4.1b | 7.8x | 12x | 3.2x |
| Wed, 10 Jan 2024 | LK₨48.7b | LK₨14.6b | LK₨4.2b | 8.1x | 11.7x | 3.3x |
| Fri, 08 Dec 2023 | LK₨47.9b | LK₨14.6b | LK₨4.2b | 7.8x | 11.5x | 3.3x |
| Sun, 05 Nov 2023 | LK₨47.1b | LK₨13.2b | LK₨2.2b | 14.5x | 21.4x | 3.6x |
| Tue, 03 Oct 2023 | LK₨47.4b | LK₨13.2b | LK₨2.2b | 14.6x | 21.6x | 3.6x |
| Thu, 31 Aug 2023 | LK₨48.2b | LK₨13.2b | LK₨2.2b | 14.7x | 21.9x | 3.6x |
| Sat, 29 Jul 2023 | LK₨45.9b | LK₨13.4b | LK₨2.4b | 8.8x | 18.9x | 3.4x |
| Mon, 26 Jun 2023 | LK₨43.2b | LK₨13.3b | LK₨2.3b | 9.1x | 18.9x | 3.2x |
| Wed, 24 May 2023 | LK₨42.0b | LK₨12.9b | LK₨1.6b | 9.4x | 27x | 3.2x |
| Fri, 21 Apr 2023 | LK₨44.1b | LK₨12.6b | LK₨1.7b | 11x | 25.7x | 3.5x |
| Sun, 19 Mar 2023 | LK₨44.7b | LK₨12.6b | LK₨1.7b | 11.1x | 26x | 3.5x |
| Tue, 14 Feb 2023 | LK₨41.2b | LK₨12.8b | LK₨491.6m | 9.2x | 83.9x | 3.2x |
| Thu, 12 Jan 2023 | LK₨44.7b | LK₨12.5b | LK₨751.2m | 6.8x | 59.5x | 3.6x |
| Sat, 10 Dec 2022 | LK₨41.5b | LK₨12.5b | LK₨751.2m | 6.5x | 55.3x | 3.3x |
| Mon, 07 Nov 2022 | LK₨43.1b | LK₨12.2b | LK₨2.6b | 9.4x | 16.8x | 3.5x |
| Wed, 05 Oct 2022 | LK₨45.2b | LK₨12.2b | LK₨2.6b | 9.2x | 17.6x | 3.7x |
| Fri, 02 Sep 2022 | LK₨45.9b | LK₨12.1b | LK₨2.6b | 9.9x | 17.5x | 3.8x |
| Sun, 31 Jul 2022 | LK₨43.9b | LK₨11.7b | LK₨3.2b | 7.1x | 13.7x | 3.7x |
| Tue, 28 Jun 2022 | LK₨41.2b | LK₨11.7b | LK₨3.1b | 7x | 13.1x | 3.5x |
| Thu, 26 May 2022 | LK₨45.4b | LK₨11.7b | LK₨5.5b | 7.8x | 8.3x | 3.9x |
| Sat, 23 Apr 2022 | LK₨45.0b | LK₨11.7b | LK₨5.5b | 7.8x | 8.2x | 3.8x |
| Mon, 21 Mar 2022 | LK₨50.3b | LK₨11.7b | LK₨5.5b | 8.5x | 9.2x | 4.3x |
| Wed, 16 Feb 2022 | LK₨56.3b | LK₨11.7b | LK₨5.4b | 10.6x | 10.4x | 4.8x |
| Fri, 14 Jan 2022 | LK₨60.0b | LK₨11.3b | LK₨5.4b | 10x | 11.1x | 5.3x |
| Sun, 12 Dec 2021 | LK₨54.4b | LK₨11.3b | LK₨5.4b | 9.6x | 10x | 4.8x |
| Tue, 09 Nov 2021 | LK₨52.0b | LK₨11.1b | LK₨4.9b | 8.9x | 10.6x | 4.7x |
| Thu, 07 Oct 2021 | LK₨52.5b | LK₨11.0b | LK₨4.9b | 8.8x | 10.7x | 4.8x |
| Sat, 04 Sep 2021 | LK₨51.5b | LK₨11.0b | LK₨4.9b | 8.7x | 10.5x | 4.7x |
| Mon, 02 Aug 2021 | LK₨52.7b | LK₨11.0b | LK₨4.9b | 8.8x | 10.8x | 4.8x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are pessimistic on the Sri Lankan Renewable Energy 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 13.2x which is lower than its 3-year average PE of 18.9x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 4.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 18% 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 industry?
| LK Market | -1.06% | |
| Utilities | -0.28% | |
| Renewable Energy | -0.28% | |
| Independent Power Producers and Energy Traders | 0% | |
| Renewable Energy | -0.54% | |
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 28.6%, which is higher than its past year's earnings growth of 4.7% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 26.7x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 4.7% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| VLL.N0000 Vidullanka | LK₨12.80 | 1.6% +LK₨188.7m | 106.5% | PE9.5x | |
| WIND.N0000 WindForce | LK₨20.00 | 0.5% +LK₨135.1m | 16.3% | PE17.4x | |
| LPL.N0000 LAUGFS Power | LK₨9.70 | 1.0% +LK₨38.7m | 5.4% | PE72.2x | |
| HPFL.N0000 Lotus Hydro Power | LK₨11.20 | 0.9% +LK₨10.9m | 36.6% | PE18.6x |