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Sri Lankan (CSE) Renewable Energy Industry Analysis

UpdatedMay 26, 2024
DataAggregated Company Financials
Companies8
  • 7D-0.2%
  • 3M8.6%
  • 1Y22.5%
  • YTD9.3%

In the last week, Renewable Energy has been flat. The past year has been better, since the industry has gained 23% in that time. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

Has the Sri Lankan Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 May 2024LK₨52.5bLK₨16.3bLK₨2.7b9x19.2x3.2x
Tue, 23 Apr 2024LK₨51.9bLK₨16.0bLK₨2.8b7x18.3x3.2x
Thu, 21 Mar 2024LK₨49.7bLK₨16.0bLK₨2.8b6.9x17.6x3.1x
Sat, 17 Feb 2024LK₨49.7bLK₨16.0bLK₨2.8b6.9x17.5x3.1x
Mon, 15 Jan 2024LK₨48.6bLK₨14.6bLK₨4.2b8.1x11.7x3.3x
Wed, 13 Dec 2023LK₨48.1bLK₨14.6bLK₨4.2b8x11.6x3.3x
Fri, 10 Nov 2023LK₨48.0bLK₨13.1bLK₨2.6b14.7x18.7x3.7x
Sun, 08 Oct 2023LK₨47.0bLK₨13.2bLK₨2.2b14.4x21.4x3.6x
Tue, 05 Sep 2023LK₨47.6bLK₨13.2bLK₨2.2b14.5x21.7x3.6x
Thu, 03 Aug 2023LK₨46.0bLK₨13.4bLK₨2.4b8.7x18.9x3.4x
Sat, 01 Jul 2023LK₨43.3bLK₨13.4bLK₨2.3b8.5x18.7x3.2x
Mon, 29 May 2023LK₨42.4bLK₨12.9bLK₨1.6b9.5x27.2x3.3x
Wed, 26 Apr 2023LK₨43.6bLK₨12.6bLK₨1.7b10.8x25.4x3.5x
Fri, 24 Mar 2023LK₨44.2bLK₨12.6bLK₨1.7b11.3x25.7x3.5x
Sun, 19 Feb 2023LK₨42.1bLK₨12.6bLK₨1.7b9.9x24.5x3.3x
Tue, 17 Jan 2023LK₨42.3bLK₨12.5bLK₨751.2m6.7x56.3x3.4x
Thu, 15 Dec 2022LK₨41.6bLK₨12.5bLK₨751.2m6.5x55.3x3.3x
Sat, 12 Nov 2022LK₨42.8bLK₨12.2bLK₨2.6b9.2x16.6x3.5x
Mon, 10 Oct 2022LK₨46.4bLK₨12.2bLK₨2.6b9.2x18x3.8x
Wed, 07 Sep 2022LK₨45.9bLK₨12.2bLK₨2.6b9.8x17.8x3.8x
Fri, 05 Aug 2022LK₨46.7bLK₨11.7bLK₨3.2b7.5x14.5x4x
Sun, 03 Jul 2022LK₨40.9bLK₨11.7bLK₨3.2b6.8x12.7x3.5x
Tue, 31 May 2022LK₨44.3bLK₨11.8bLK₨5.4b7.5x8.2x3.8x
Thu, 28 Apr 2022LK₨41.8bLK₨11.7bLK₨5.5b7.4x7.6x3.6x
Sat, 26 Mar 2022LK₨49.9bLK₨11.7bLK₨5.5b8.8x9.1x4.2x
Mon, 21 Feb 2022LK₨55.8bLK₨11.7bLK₨5.4b10.3x10.3x4.8x
Wed, 19 Jan 2022LK₨60.7bLK₨11.3bLK₨5.4b10.2x11.2x5.4x
Fri, 17 Dec 2021LK₨54.8bLK₨11.3bLK₨5.4b9.6x10.1x4.9x
Sun, 14 Nov 2021LK₨54.9bLK₨10.9bLK₨5.0b9.9x10.9x5x
Tue, 12 Oct 2021LK₨53.1bLK₨11.0bLK₨4.9b8.8x10.9x4.8x
Thu, 09 Sep 2021LK₨51.4bLK₨11.0bLK₨4.9b8.7x10.5x4.7x
Sat, 07 Aug 2021LK₨52.2bLK₨11.0bLK₨4.9b8.7x10.7x4.7x
Price to Earnings Ratio

11.7x


Total Market Cap: LK₨51.5bTotal Earnings: LK₨4.4bTotal Revenue: LK₨10.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Renewable Energy Industry Price to Earnings3Y Average 18.8x202220232024
Current Industry PE
  • Investors are relatively neutral on the Sri Lankan Renewable Energy 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 18.8x.
  • The 3-year average PS ratio of 3.8x 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 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 16% 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 Market0.17%
Utilities-0.18%
Renewable Energy-0.18%
Renewable Energy0.16%
Independent Power Producers and Energy Traders-0.51%
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 15.2x.
    • Analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings decline of 19.9% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 26.5x.
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 decline of 20% 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?

CompanyLast Price7D1YValuation
VPEL.N0000 Vallibel Power ErathnaLK₨8.102.5%
+LK₨149.4m
26.6%PE9x
VLL.N0000 VidullankaLK₨9.001.1%
+LK₨94.4m
60.7%PE6.9x
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