Kelani Tyres (COSE:TYRE.N0000) - Stock Price, News & Analysis

TYRE.N0000 Stock Overview

Imports and sells tyres in Sri Lanka. More details

TYRE.N0000 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (5.8x) is below the LK market (8.4x)

Earnings grew by 105.5% over the past year

Risk Analysis

Makes less than USD$1m in revenue (LKR0)

High level of non-cash earnings

Does not have a meaningful market cap (LKR6B)

Dividend of 8.1% is not well covered by free cash flows

Kelani Tyres PLC Competitors

Innovative Tyres & Tubes

NSEI:INNOVATIVE

₹101.7m

Ghandhara Tyre and Rubber

KASE:GTYR

PK₨5.0b

King Tire Indonesia

IDX:TYRE

Rp448.7b

Krypton Industries

BSE:523550

₹1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Kelani Tyres
Historical stock prices
Current Share Price	LK₨74.10
52 Week High	LK₨82.50
52 Week Low	LK₨60.00
Beta	0.54
11 Month Change	0.14%
3 Month Change	-7.26%
1 Year Change	17.99%
33 Year Change	-13.23%
5 Year Change	48.20%
Change since IPO	95.00%

Recent updates

Shareholder Returns

	TYRE.N0000	LK Auto Components	LK Market
7D	-0.5%	0.3%	-0.3%
1Y	18.0%	6.6%	19.1%

Return vs Industry: TYRE.N0000 exceeded the LK Auto Components industry which returned 6.6% over the past year.

Return vs Market: TYRE.N0000 underperformed the LK Market which returned 19.1% over the past year.

Price Volatility

Is TYRE.N0000's price volatile compared to industry and market?
TYRE.N0000 volatility
TYRE.N0000 Average Weekly Movement	3.3%
Auto Components Industry Average Movement	5.5%
Market Average Movement	4.3%
10% most volatile stocks in LK Market	6.5%
10% least volatile stocks in LK Market	3.0%

Stable Share Price: TYRE.N0000 has not had significant price volatility in the past 3 months compared to the LK market.

Volatility Over Time: TYRE.N0000's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	8	Rohan Fernando	n/a

Kelani Tyres PLC imports and sells tyres in Sri Lanka. It is also involved in vehicle hiring business; and rental of properties. In addition, the company exports its products.

Kelani Tyres PLC Fundamentals Summary

How do Kelani Tyres's earnings and revenue compare to its market cap?
TYRE.N0000 fundamental statistics
Market cap	LK₨6.04b
Earnings (TTM)	LK₨1.03b
Revenue (TTM)	n/a

5.8x

P/E Ratio

0.0x

P/S Ratio

Is TYRE.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TYRE.N0000 income statement (TTM)
Revenue	LK₨0
Cost of Revenue	LK₨0
Gross Profit	LK₨0
Other Expenses	-LK₨1.03b
Earnings	LK₨1.03b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	12.83
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.1%

How did TYRE.N0000 perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

47%

Payout Ratio

TYRE.N0000 Stock Overview

Rewards

Risk Analysis

Kelani Tyres PLC Competitors

NSEI:INNOVATIVE

₹101.7m

KASE:GTYR

PK₨5.0b

IDX:TYRE

Rp448.7b

BSE:523550

₹1.0b

Price History & Performance

Recent News & Updates

Dividend of LK₨6.00 announced

New major risk - Earnings quality

New major risk - Earnings quality

Non-Executive Director recently bought LK₨315k worth of stock

Third quarter 2024 earnings released: EPS: LK₨3.80 (vs LK₨2.66 loss in 3Q 2023)

First half 2024 earnings released: EPS: LK₨3.37 (vs LK₨3.44 in 1H 2023)

Recent updates

Dividend of LK₨6.00 announced

New major risk - Earnings quality

New major risk - Earnings quality

Non-Executive Director recently bought LK₨315k worth of stock

Third quarter 2024 earnings released: EPS: LK₨3.80 (vs LK₨2.66 loss in 3Q 2023)

First half 2024 earnings released: EPS: LK₨3.37 (vs LK₨3.44 in 1H 2023)

Kelani Tyres PLC, Annual General Meeting, Sep 27, 2023

Upcoming dividend of LK₨5.00 per share at 6.7% yield

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: LK₨6.32 (vs LK₨10.33 in FY 2022)

Full year 2023 earnings released: EPS: LK₨6.75 (vs LK₨10.33 in FY 2022)

Third quarter 2023 earnings released: LK₨2.66 loss per share (vs LK₨2.86 profit in 3Q 2022)

Non-Executive Director recently bought LK₨300k worth of stock

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Second quarter 2023 earnings released: LK₨0.27 loss per share (vs LK₨1.43 profit in 2Q 2022)

Chairman of the Board recently bought LK₨9.0m worth of stock

Chairman of the Board recently bought LK₨4.2m worth of stock

Kelani Tyres PLC, Annual General Meeting, Sep 28, 2022

Investor sentiment improved over the past week

Upcoming dividend of LK₨5.00 per share

First quarter 2023 earnings released: EPS: LK₨3.71 (vs LK₨2.28 in 1Q 2022)

Full year 2022 earnings released: EPS: LK₨10.33 (vs LK₨12.00 in FY 2021)

Investor sentiment improved over the past week

Less than half of directors are independent

Non-Executive Director recently bought LK₨43m worth of stock

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS LK₨1.43 (vs LK₨3.93 in 2Q 2021)

Executive Director recently bought LK₨146k worth of stock

Upcoming dividend of LK₨5.00 per share

Third quarter 2021 earnings released: EPS LK₨3.73 (vs LK₨1.38 in 3Q 2020)

New 90-day high: LK₨110

New 90-day high: LK₨94.60

New 90-day high: LK₨93.80

Market bids up stock over the past week

First half earnings released

Market bids up stock over the past week

New 90-day high: LK₨85.60

New 90-day high - LK₨66.80

New 90-day high - LK₨47.10

Shareholder Returns

Price Volatility

About the Company

Kelani Tyres PLC Fundamentals Summary

5.8x

0.0x

Earnings & Revenue

Dividends

8.1%

47%