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SEYB

Seylan Bank COSE:SEYB.N0000 Stock Report

Last Price

LK₨31.80

Market Cap

LK₨17.1b

7D

-3.6%

1Y

-27.3%

Updated

25 Sep, 2022

Data

Company Financials
SEYB.N0000 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

SEYB.N0000 Stock Overview

Seylan Bank PLC, together with its subsidiaries, provides commercial banking and related financial services in Sri Lanka.

Seylan Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Seylan Bank
Historical stock prices
Current Share PriceLK₨31.80
52 Week HighLK₨46.46
52 Week LowLK₨26.00
Beta0.59
1 Month Change9.66%
3 Month Change13.57%
1 Year Change-27.31%
3 Year Change-30.04%
5 Year Change-58.34%
Change since IPO-30.99%

Recent News & Updates

Shareholder Returns

SEYB.N0000LK BanksLK Market
7D-3.6%-0.9%-1.1%
1Y-27.3%-29.9%5.8%

Return vs Industry: SEYB.N0000 exceeded the LK Banks industry which returned -29.9% over the past year.

Return vs Market: SEYB.N0000 underperformed the LK Market which returned 5.8% over the past year.

Price Volatility

Is SEYB.N0000's price volatile compared to industry and market?
SEYB.N0000 volatility
SEYB.N0000 Average Weekly Movement6.8%
Banks Industry Average Movement6.8%
Market Average Movement8.7%
10% most volatile stocks in LK Market13.6%
10% least volatile stocks in LK Market5.1%

Stable Share Price: SEYB.N0000 is less volatile than 75% of LK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SEYB.N0000's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19873,241Kapila Ariyaratnehttps://www.seylan.lk

Seylan Bank PLC, together with its subsidiaries, provides commercial banking and related financial services in Sri Lanka. It operates through Banking, Treasury, and Property/Investments segments. The company provides deposit products, including savings, current, foreign currency, and money market accounts, as well as time deposits and certificates of deposit; corporate and retail credit; rural credit; housing and educational loans; personal, margin, and business loans; agricultural, small and medium enterprises, and micro loans; and finance leasing services for vehicles, motorcycles, machinery, plant, and equipment.

Seylan Bank Fundamentals Summary

How do Seylan Bank's earnings and revenue compare to its market cap?
SEYB.N0000 fundamental statistics
Market CapLK₨17.15b
Earnings (TTM)LK₨4.00b
Revenue (TTM)LK₨21.05b

4.3x

P/E Ratio

0.3x

P/B Ratio

Is SEYB.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEYB.N0000 income statement (TTM)
RevenueLK₨21.05b
Cost of RevenueLK₨0
Gross ProfitLK₨21.05b
Other ExpensesLK₨17.05b
EarningsLK₨4.00b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.42
Gross Margin100.00%
Net Profit Margin19.02%
Debt/Equity Ratio113.5%

How did SEYB.N0000 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SEYB.N0000 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SEYB.N0000?

Other financial metrics that can be useful for relative valuation.

SEYB.N0000 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SEYB.N0000's PE Ratio compare to its peers?

SEYB.N0000 PE Ratio vs Peers
The above table shows the PE ratio for SEYB.N0000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.9x
NDB.N0000 National Development Bank
3.7xn/aLK₨16.7b
DFCC.N0000 DFCC Bank
7xn/aLK₨14.9b
NTB.N0000 Nations Trust Bank
2.3xn/aLK₨14.5b
ABL.N0000 Amãna Bank
10.8xn/aLK₨9.7b
SEYB.N0000 Seylan Bank
4.3xn/aLK₨17.1b

Price-To-Earnings vs Peers: SEYB.N0000 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

How does SEYB.N0000's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: SEYB.N0000 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Asian Banks industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is SEYB.N0000's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SEYB.N0000 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SEYB.N0000's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SEYB.N0000 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SEYB.N0000 (LKR31.8) is trading above our estimate of fair value (LKR15.06)

Significantly Below Fair Value: SEYB.N0000 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Seylan Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Seylan Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Seylan Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Seylan Bank performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SEYB.N0000 has a high level of non-cash earnings.

Growing Profit Margin: SEYB.N0000's current net profit margins (19%) are higher than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: SEYB.N0000's earnings have declined by 2.1% per year over the past 5 years.

Accelerating Growth: SEYB.N0000's earnings growth over the past year (12.6%) exceeds its 5-year average (-2.1% per year).

Earnings vs Industry: SEYB.N0000 earnings growth over the past year (12.6%) exceeded the Banks industry -11.8%.


Return on Equity

High ROE: SEYB.N0000's Return on Equity (7.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Seylan Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SEYB.N0000's Assets to Equity ratio (12.2x) is moderate.

Allowance for Bad Loans: SEYB.N0000 has a low allowance for bad loans (86%).

Low Risk Liabilities: 87% of SEYB.N0000's liabilities are made up of primarily low risk sources of funding.

Loan Level: SEYB.N0000 has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: SEYB.N0000's Loans to Deposits ratio (88%) is appropriate.

Level of Bad Loans: SEYB.N0000 has a high level of bad loans (5.9%).


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Dividend

What is Seylan Bank current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SEYB.N0000's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SEYB.N0000's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SEYB.N0000's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SEYB.N0000's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: SEYB.N0000 is not paying a notable dividend for the LK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SEYB.N0000's dividend in 3 years as they are not forecast to pay a notable one for the LK market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Kapila Ariyaratne (61 yo)

11.5yrs

Tenure

Mr. Kapila Prasanna Ariyaratne has been the Chief Executive Officer of Seylan Bank PLC since March 2, 2011. Mr. Ariyaratne has been an Executive Director of Seylan Bank PLC since February 16, 2015. He serv...


Leadership Team

Experienced Management: SEYB.N0000's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: SEYB.N0000's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of SEYB.N0000?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme18,225,5233.2%
Individual Insiders50,734,9748.8%
Private Companies62,031,92210.7%
General Public84,876,74114.7%
Institutions141,037,40024.4%
Public Companies220,869,51338.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Top 22 shareholders own 43.61% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.8%
LOLC Holdings PLC
154,839,289LKR4.9b0%no data
3.94%
Don And Don Holding (Private) Limited
22,769,934LKR724.1m28.46%no data
3.15%
Seylan Bank PLC. Employees Gratuity Trust Fund
18,225,523LKR579.6m24.28%no data
2.75%
Bank of Ceylon
15,902,140LKR505.7m0%no data
1.1%
Akbar Brothers (Pvt) Ltd.
6,337,096LKR201.5m0%no data
0.7%
Averbach Grauson & Co.
4,044,212LKR128.6m-2.96%no data
0.57%
Merrill J Fernando & Sons (Pvt) Ltd
3,277,637LKR104.2m0%no data
0.56%
J.B. Cocoshell (Pvt) Ltd.
3,220,308LKR102.4m0%no data
0.53%
M. Fernando
3,043,022LKR96.8m0%no data
0.45%
Finco Holdings (Pvt) Limited
2,604,133LKR82.8m0%no data
0.42%
E. Thavagnanasooriyam
2,402,236LKR76.4m0%no data
0.4%
N. Balasingam
2,308,455LKR73.4m0%no data
0.39%
R. Captain
2,240,041LKR71.2m0%no data
0.33%
T. Senthiverl
1,905,146LKR60.6m0%no data
0.29%
R. Gautam
1,649,010LKR52.4m0.78%no data
0.24%
S Yaddehige
1,387,883LKR44.1m0%no data
0.24%
S. Durga
1,371,362LKR43.6m0%no data
0.24%
D. Lokuge
1,361,938LKR43.3m0%no data
0.21%
K.R.B. Fernando
1,223,238LKR38.9m0%no data
0.21%
Askold Private Limited
1,202,899LKR38.3m0%no data
0.11%
Jivaka Kotelawala
647,732LKR20.6m0%no data
0.00002%
Srikumaradas Corea
108LKR3.4k0%no data

Company Information

Seylan Bank PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Seylan Bank PLC
  • Ticker: SEYB.N0000
  • Exchange: COSE
  • Founded: 1987
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: LK₨17.149b
  • Shares outstanding: 539.28m
  • Website: https://www.seylan.lk

Number of Employees


Location

  • Seylan Bank PLC
  • Seylan Towers
  • No. 90, Galle Road
  • Colombo
  • 3
  • Sri Lanka


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEYB.N0000COSE (Colombo Stock Exchange)YesOrdinary Voting Shares Rs 10LKLKRNov 1992
SEYB.X0000COSE (Colombo Stock Exchange)Ordinary Non-Voting Shares Rs 10LKLKROct 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.