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TJL.

Teejay LankaCOSE:TJL.N0000 Stock Report

Market Cap

LK₨30.6b

7D

-0.9%

1Y

41.9%

Updated

24 Oct, 2021

Data

Company Financials +
TJL.N0000 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends4/6

TJL.N0000 Overview

Teejay Lanka PLC engages in the manufacturing and selling of weft knit fabrics in Sri Lanka and India.

Price History & Performance

Summary of all time highs, changes and price drops for Teejay Lanka
Historical stock prices
Current Share PriceLK₨42.70
52 Week HighLK₨28.90
52 Week LowLK₨47.50
Beta0.61
1 Month Change-0.70%
3 Month Change0.47%
1 Year Change41.86%
3 Year Change38.19%
5 Year Change-5.74%
Change since IPO198.60%

Recent News & Updates

Shareholder Returns

TJL.N0000LK LuxuryLK Market
7D-0.9%4.3%3.1%
1Y41.9%98.3%71.9%

Return vs Industry: TJL.N0000 underperformed the LK Luxury industry which returned 98.3% over the past year.

Return vs Market: TJL.N0000 underperformed the LK Market which returned 71.9% over the past year.

Price Volatility

Is TJL.N0000's price volatile compared to industry and market?
TJL.N0000 volatility
TJL.N0000 Beta0.61
Industry Beta0.72
Market Beta1

Stable Share Price: TJL.N0000 is less volatile than 75% of LK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TJL.N0000's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20002,678Pubudu Silvahttps://www.teejay.com

Teejay Lanka PLC engages in the manufacturing and selling of weft knit fabrics in Sri Lanka and India. It operates through two segments, Textile Manufacturing and Fabric Printing. The company offers range of single jersey, interlock, rib, pique, lacoste, fleece, terry, collars, and cuffs, as well as intimates to sleep wear, lingerie, and active wear.

Teejay Lanka Fundamentals Summary

How do Teejay Lanka's earnings and revenue compare to its market cap?
TJL.N0000 fundamental statistics
Market CapLK₨30.60b
Earnings (TTM)LK₨2.48b
Revenue (TTM)LK₨37.43b

12.3x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TJL.N0000 income statement (TTM)
RevenueLK₨37.43b
Cost of RevenueLK₨33.13b
Gross ProfitLK₨4.30b
ExpensesLK₨1.82b
EarningsLK₨2.48b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.46
Gross Margin11.50%
Net Profit Margin6.63%
Debt/Equity Ratio16.8%

How did TJL.N0000 perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

77%

Payout Ratio

Valuation

Is Teejay Lanka undervalued compared to its fair value and its price relative to the market?

12.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TJL.N0000 (LKR42.7) is trading above our estimate of fair value (LKR22.73)

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


Price To Earnings Ratio

PE vs Industry: TJL.N0000 is good value based on its PE Ratio (12.3x) compared to the LK Luxury industry average (14x).

PE vs Market: TJL.N0000 is poor value based on its PE Ratio (12.3x) compared to the LK market (8.6x).


Price to Earnings Growth Ratio

PEG Ratio: TJL.N0000 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: TJL.N0000 is good value based on its PB Ratio (1.7x) compared to the LK Luxury industry average (2x).


Future Growth

How is Teejay Lanka forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TJL.N0000's forecast earnings growth (17.7% per year) is above the savings rate (3.6%).

Earnings vs Market: TJL.N0000's earnings (17.7% per year) are forecast to grow faster than the LK market (14.4% per year).

High Growth Earnings: TJL.N0000's earnings are forecast to grow, but not significantly.

Revenue vs Market: TJL.N0000's revenue (20.4% per year) is forecast to grow faster than the LK market (12.9% per year).

High Growth Revenue: TJL.N0000's revenue (20.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TJL.N0000's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Teejay Lanka performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TJL.N0000 has high quality earnings.

Growing Profit Margin: TJL.N0000's current net profit margins (6.6%) are higher than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: TJL.N0000's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: TJL.N0000's earnings growth over the past year (30.7%) exceeds its 5-year average (1.2% per year).

Earnings vs Industry: TJL.N0000 earnings growth over the past year (30.7%) underperformed the Luxury industry 111.6%.


Return on Equity

High ROE: TJL.N0000's Return on Equity (13.6%) is considered low.


Financial Health

How is Teejay Lanka's financial position?


Financial Position Analysis

Short Term Liabilities: TJL.N0000's short term assets (LKR23.1B) exceed its short term liabilities (LKR14.3B).

Long Term Liabilities: TJL.N0000's short term assets (LKR23.1B) exceed its long term liabilities (LKR2.0B).


Debt to Equity History and Analysis

Debt Level: TJL.N0000's debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: TJL.N0000's debt to equity ratio has increased from 8.3% to 16.8% over the past 5 years.

Debt Coverage: TJL.N0000's debt is well covered by operating cash flow (90.6%).

Interest Coverage: TJL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Teejay Lanka current dividend yield, its reliability and sustainability?

5.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TJL.N0000's dividend (5.39%) is higher than the bottom 25% of dividend payers in the LK market (1.93%).

High Dividend: TJL.N0000's dividend (5.39%) is low compared to the top 25% of dividend payers in the LK market (5.59%).


Stability and Growth of Payments

Stable Dividend: TJL.N0000's dividend payments have been volatile in the past 10 years.

Growing Dividend: TJL.N0000's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.1%), TJL.N0000's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TJL.N0000's dividends in 3 years are forecast to be covered by earnings (56.3% payout ratio).


Next Steps

Management

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

9.2yrs

Average board tenure


CEO

Pubudu Silva

1.75yrs

Tenure

Mr. Pubudu De Silva serves as Group Chief Executive Officer of Teejay Lanka PLC since January 1, 2020. He had been Deputy CEO of Operations and Human Resource at Teejay Lanka PLC since May 2018 until Janua...


Board Members

Experienced Board: TJL.N0000's board of directors are considered experienced (9.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

Teejay Lanka PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Teejay Lanka PLC
  • Ticker: TJL.N0000
  • Exchange: COSE
  • Founded: 2000
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: LK₨30.605b
  • Shares outstanding: 716.74m
  • Website: https://www.teejay.com

Number of Employees


Location

  • Teejay Lanka PLC
  • Seethawaka Export Processing Zone
  • Block D8-D14
  • Avissawella
  • Sri Lanka

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 11:03
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.