Teejay Lanka PLC engages in the manufacturing and selling of weft knit fabrics in Sri Lanka and India.
Price History & Performance
|Historical stock prices|
|Current Share Price||LK₨42.70|
|52 Week High||LK₨28.90|
|52 Week Low||LK₨47.50|
|1 Month Change||-0.70%|
|3 Month Change||0.47%|
|1 Year Change||41.86%|
|3 Year Change||38.19%|
|5 Year Change||-5.74%|
|Change since IPO||198.60%|
Recent News & Updates
|TJL.N0000||LK Luxury||LK Market|
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.
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
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
|TJL.N0000 fundamental statistics|
Is TJL.N0000 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TJL.N0000 income statement (TTM)|
|Cost of Revenue||LK₨33.13b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.46|
|Net Profit Margin||6.63%|
How did TJL.N0000 perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is Teejay Lanka undervalued compared to its fair value and its price relative to the market?
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).
How is Teejay Lanka forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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
How has Teejay Lanka performed over the past 5 years?
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.
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.
What is Teejay Lanka current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board 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...
Experienced Board: TJL.N0000's board of directors are considered experienced (9.2 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Teejay Lanka PLC's employee growth, exchange listings and data sources
- 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
- Teejay Lanka PLC
- Seethawaka Export Processing Zone
- Block D8-D14
- Sri Lanka
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 11:03|
|End of Day Share Price||2021/10/22 00:00|
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.