Sri Lankan (CSE) Renewable Energy Industry Analysis

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
Sun, 26 Mar 2023	LK₨44.3b	LK₨12.6b	LK₨1.7b	11.1x	25.8x	3.5x
Tue, 21 Feb 2023	LK₨42.4b	LK₨12.6b	LK₨1.7b	10x	24.7x	3.4x
Thu, 19 Jan 2023	LK₨42.9b	LK₨12.5b	LK₨751.2m	6.6x	57.1x	3.4x
Sat, 17 Dec 2022	LK₨41.0b	LK₨12.5b	LK₨751.2m	6.5x	54.6x	3.3x
Mon, 14 Nov 2022	LK₨42.8b	LK₨12.1b	LK₨2.4b	10.4x	18.1x	3.5x
Wed, 12 Oct 2022	LK₨45.9b	LK₨12.2b	LK₨2.6b	9.3x	17.8x	3.8x
Fri, 09 Sep 2022	LK₨46.2b	LK₨12.2b	LK₨2.6b	9.8x	17.9x	3.8x
Sun, 07 Aug 2022	LK₨45.9b	LK₨11.7b	LK₨3.2b	7.2x	14.3x	3.9x
Tue, 05 Jul 2022	LK₨41.0b	LK₨11.7b	LK₨3.2b	6.8x	12.8x	3.5x
Thu, 02 Jun 2022	LK₨41.9b	LK₨11.9b	LK₨5.0b	7.3x	8.3x	3.5x
Sat, 30 Apr 2022	LK₨43.7b	LK₨11.7b	LK₨5.5b	7.4x	8x	3.7x
Mon, 28 Mar 2022	LK₨49.9b	LK₨11.7b	LK₨5.5b	8.8x	9.1x	4.2x
Wed, 23 Feb 2022	LK₨54.6b	LK₨11.7b	LK₨5.4b	9.9x	10.1x	4.7x
Fri, 21 Jan 2022	LK₨60.6b	LK₨11.3b	LK₨5.4b	10.1x	11.2x	5.4x
Sun, 19 Dec 2021	LK₨55.0b	LK₨11.3b	LK₨5.4b	9.6x	10.2x	4.9x
Tue, 16 Nov 2021	LK₨55.6b	LK₨11.2b	LK₨5.4b	9.7x	10.4x	4.9x
Thu, 14 Oct 2021	LK₨52.4b	LK₨11.0b	LK₨4.9b	8.6x	10.7x	4.8x
Sat, 11 Sep 2021	LK₨51.1b	LK₨11.0b	LK₨4.9b	8.7x	10.4x	4.6x
Mon, 09 Aug 2021	LK₨52.6b	LK₨11.0b	LK₨4.9b	9x	10.8x	4.8x
Sun, 02 May 2021	LK₨48.5b	LK₨10.4b	LK₨4.4b	9.1x	11.1x	4.7x
Wed, 03 Feb 2021	LK₨26.7b	LK₨5.5b	LK₨2.3b	13.1x	11.5x	4.9x
Sat, 07 Nov 2020	LK₨23.5b	LK₨5.7b	LK₨2.3b	9.7x	10x	4.1x
Fri, 31 Jul 2020	LK₨19.0b	LK₨5.4b	LK₨2.0b	9.9x	9.4x	3.5x
Mon, 04 May 2020	LK₨14.4b	LK₨5.1b	LK₨1.8b	8.6x	7.9x	2.8x

Current Industry PE

Investors are optimistic on the Sri Lankan Renewable Energy industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 25.8x which is higher than its 3-year average PE of 15.3x.

The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.5x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 35% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Sri Lankan Utilities industry?


LK Market	-0.26%
Utilities	-1.01%
Renewable Energy	-1.01%
Renewable Energy	-0.20%
Independent Power Producers and Energy Traders	-1.79%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 13.1x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average of 13.9x.

Forecasted Growth

Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 19% over the next 5 years.
This is better than its past earnings decline of 14% per year.

In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 19% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	LVEF.N0000 LVL Energy Fund	LK₨7.20	1.4% +LK₨58.2m	-20.9%	PE12.8x
	LPL.N0000 LAUGFS Power	LK₨9.10	1.1% +LK₨38.7m	-7.1%	PS3.6x

Company

Last Price

Valuation

LVEF.N0000 LVL Energy Fund

LK₨7.20

1.4%
+LK₨58.2m

-20.9%

PE12.8x

LPL.N0000 LAUGFS Power

LK₨9.10

1.1%
+LK₨38.7m

-7.1%

PS3.6x

Feb 17

Industry Valuation and Performance