Sri Lankan (CSE) Market Analysis & Valuation
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies262
- 7D-0.8%
- 3M-6.3%
- 1Y1.2%
- YTD8.5%
The market has been flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Trending IndustriesRenewable Energy
Market Valuation and Performance
Has the Sri Lankan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | LK₨4.2t | LK₨6.4t | LK₨512.4b | 8.1x | 8.2x | 0.7x |
| Mon, 24 Jun 2024 | LK₨4.5t | LK₨6.3t | LK₨510.5b | 8.3x | 8.7x | 0.7x |
| Wed, 22 May 2024 | LK₨4.7t | LK₨6.5t | LK₨469.8b | 9.1x | 10.1x | 0.7x |
| Fri, 19 Apr 2024 | LK₨4.6t | LK₨6.4t | LK₨464.0b | 8.8x | 9.9x | 0.7x |
| Sun, 17 Mar 2024 | LK₨4.4t | LK₨6.4t | LK₨462.8b | 8.6x | 9.6x | 0.7x |
| Tue, 13 Feb 2024 | LK₨4.1t | LK₨6.4t | LK₨377.5b | 7.9x | 10.7x | 0.6x |
| Thu, 11 Jan 2024 | LK₨4.3t | LK₨6.5t | LK₨385.5b | 7.8x | 11.3x | 0.7x |
| Sat, 09 Dec 2023 | LK₨4.4t | LK₨6.5t | LK₨373.4b | 7.7x | 11.7x | 0.7x |
| Mon, 06 Nov 2023 | LK₨4.4t | LK₨6.6t | LK₨371.2b | 7.6x | 11.8x | 0.7x |
| Wed, 04 Oct 2023 | LK₨4.5t | LK₨6.8t | LK₨392.2b | 7.8x | 11.6x | 0.7x |
| Fri, 01 Sep 2023 | LK₨4.6t | LK₨6.7t | LK₨410.0b | 7.5x | 11.1x | 0.7x |
| Sun, 30 Jul 2023 | LK₨4.6t | LK₨6.7t | LK₨474.3b | 7.3x | 9.7x | 0.7x |
| Tue, 27 Jun 2023 | LK₨4.0t | LK₨7.1t | LK₨515.9b | 6x | 7.8x | 0.6x |
| Thu, 25 May 2023 | LK₨3.7t | LK₨6.8t | LK₨652.9b | 5.3x | 5.7x | 0.5x |
| Sat, 22 Apr 2023 | LK₨3.9t | LK₨6.8t | LK₨675.2b | 5.9x | 5.8x | 0.6x |
| Mon, 20 Mar 2023 | LK₨4.0t | LK₨6.8t | LK₨674.0b | 6.1x | 5.9x | 0.6x |
| Wed, 15 Feb 2023 | LK₨3.7t | LK₨6.5t | LK₨709.0b | 5.3x | 5.2x | 0.6x |
| Fri, 13 Jan 2023 | LK₨3.7t | LK₨6.5t | LK₨751.9b | 5.3x | 4.9x | 0.6x |
| Sun, 11 Dec 2022 | LK₨3.9t | LK₨6.5t | LK₨752.7b | 5.4x | 5.2x | 0.6x |
| Tue, 08 Nov 2022 | LK₨3.7t | LK₨6.2t | LK₨732.2b | 6.1x | 5.1x | 0.6x |
| Thu, 06 Oct 2022 | LK₨4.0t | LK₨6.0t | LK₨716.1b | 7.2x | 5.6x | 0.7x |
| Sat, 03 Sep 2022 | LK₨4.1t | LK₨6.0t | LK₨715.8b | 6.6x | 5.7x | 0.7x |
| Mon, 01 Aug 2022 | LK₨3.3t | LK₨5.4t | LK₨635.2b | 6.4x | 5.1x | 0.6x |
| Wed, 29 Jun 2022 | LK₨3.2t | LK₨5.3t | LK₨622.1b | 6.3x | 5.2x | 0.6x |
| Fri, 27 May 2022 | LK₨3.9t | LK₨5.0t | LK₨516.4b | 7.2x | 7.5x | 0.8x |
| Sun, 24 Apr 2022 | LK₨3.5t | LK₨4.7t | LK₨478.7b | 6.7x | 7.3x | 0.7x |
| Tue, 22 Mar 2022 | LK₨4.5t | LK₨4.7t | LK₨477.7b | 8.4x | 9.5x | 1x |
| Thu, 17 Feb 2022 | LK₨5.6t | LK₨4.6t | LK₨451.6b | 10.4x | 12.4x | 1.2x |
| Sat, 15 Jan 2022 | LK₨6.0t | LK₨4.2t | LK₨394.1b | 11.7x | 15.1x | 1.4x |
| Mon, 13 Dec 2021 | LK₨5.0t | LK₨4.2t | LK₨391.7b | 9.8x | 12.9x | 1.2x |
| Wed, 10 Nov 2021 | LK₨4.7t | LK₨4.0t | LK₨367.9b | 8.5x | 12.8x | 1.2x |
| Fri, 08 Oct 2021 | LK₨4.3t | LK₨3.9t | LK₨352.4b | 8.7x | 12.1x | 1.1x |
| Sun, 05 Sep 2021 | LK₨4.1t | LK₨3.9t | LK₨353.8b | 8.9x | 11.6x | 1.1x |
| Tue, 03 Aug 2021 | LK₨3.6t | LK₨3.9t | LK₨353.2b | 8.6x | 10.2x | 0.9x |
Price to Earnings Ratio
10.2x
Current Market PE
- Investors are relatively neutral on the Sri Lankan market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 8.8x.
Past Earnings Growth
- The earnings for Sri Lankan listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Sri Lankan Market?
| LK Market | -0.77% | |
| Telecom | 1.24% | |
| Utilities | 0.80% | |
| Materials | 0.053% | |
| Industrials | -0.46% | |
| Consumer Discretionary | -0.47% | |
| Real Estate | -0.64% | |
| Energy | -1.05% | |
| Consumer Staples | -1.09% | |
| Healthcare | -1.12% | |
| Financials | -1.19% | |
| Tech | -1.70% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 10.0x.
- This is likely because analysts are expecting annual earnings growth of 26.7% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| DIAL.N0000 Dialog Axiata | LK₨9.60 | 2.1% +LK₨1.6b | -11.9% | PE5.6x | Telecom | |
| SLTL.N0000 Sri Lanka Telecom | LK₨71.50 | 0.7% +LK₨902.4m | -27.0% | PS1.2x | Telecom | |
| HAYL.N0000 Hayleys | LK₨102.00 | 1.0% +LK₨750.0m | 16.0% | PE11.1x | Industrials | |
| NTB.N0000 Nations Trust Bank | LK₨125.00 | 1.6% +LK₨652.4m | 26.0% | PB0.6x | Financials | |
| HUNA.N0000 Hunas Holdings | LK₨25.20 | 2.9% +LK₨594.3m | -10.0% | PS27x | Consumer Discretionary |
