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Citrus Leisure COSE:REEF.N0000 Stock Report

Last Price


Market Cap







10 Aug, 2022


Company Financials
REEF.N0000 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health2/6

REEF.N0000 Stock Overview

Citrus Leisure PLC, through its subsidiaries, engages in the food and beverage, lodging, and other hospitality industry related activities in Sri Lanka.

Citrus Leisure Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Citrus Leisure
Historical stock prices
Current Share PriceLK₨5.30
52 Week HighLK₨11.80
52 Week LowLK₨3.40
1 Month Change32.50%
3 Month Change10.42%
1 Year Change-44.79%
3 Year Change-18.46%
5 Year Change-43.01%
Change since IPO-84.96%

Recent News & Updates

Shareholder Returns

REEF.N0000LK HospitalityLK Market

Return vs Industry: REEF.N0000 underperformed the LK Hospitality industry which returned 17.5% over the past year.

Return vs Market: REEF.N0000 underperformed the LK Market which returned -1.5% over the past year.

Price Volatility

Is REEF.N0000's price volatile compared to industry and market?
REEF.N0000 volatility
REEF.N0000 Average Weekly Movement15.0%
Hospitality Industry Average Movement11.5%
Market Average Movement8.6%
10% most volatile stocks in LK Market13.6%
10% least volatile stocks in LK Market5.3%

Stable Share Price: REEF.N0000 is more volatile than 90% of LK stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: REEF.N0000's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of LK stocks.

About the Company

197331Priya Chandana Talwatte

Citrus Leisure PLC, through its subsidiaries, engages in the food and beverage, lodging, and other hospitality industry related activities in Sri Lanka. It owns Citrus Hikkaduwa, a 90 room hotel located in Hikkaduwa; Citrus Waskaduwa, a five star resort in the West Coast of Sri Lanka comprising 150 rooms with various amenities; and The Steuart by Citrus, a boutique business hotel comprising 50 rooms situated in Colombo. The company was formerly known as Hotel Reefcomber Limited and changed its name to Citrus Leisure PLC in December 2010.

Citrus Leisure Fundamentals Summary

How do Citrus Leisure's earnings and revenue compare to its market cap?
REEF.N0000 fundamental statistics
Market CapLK₨1.42b
Earnings (TTM)-LK₨425.61m
Revenue (TTM)LK₨848.53m


P/S Ratio


P/E Ratio

Is REEF.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
REEF.N0000 income statement (TTM)
Cost of RevenueLK₨283.63m
Gross ProfitLK₨564.90m
Other ExpensesLK₨990.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-1.59
Gross Margin66.57%
Net Profit Margin-50.16%
Debt/Equity Ratio94.3%

How did REEF.N0000 perform over the long term?

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


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

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 REEF.N0000?

Other financial metrics that can be useful for relative valuation.

REEF.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/Revenue7.3x
Enterprise Value/EBITDA-53.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does REEF.N0000's PS Ratio compare to its peers?

REEF.N0000 PS Ratio vs Peers
The above table shows the PS ratio for REEF.N0000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.8x
CITH.N0000 Hikkaduwa Beach Resort
LHL.N0000 Lighthouse Hotel
SHOT.N0000 Serendib Hotels
CITW.N0000 Waskaduwa Beach Resort
REEF.N0000 Citrus Leisure

Price-To-Sales vs Peers: REEF.N0000 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (2.8x).

Price to Earnings Ratio vs Industry

How does REEF.N0000's PE Ratio compare vs other companies in the LK Hospitality Industry?

Price-To-Sales vs Industry: REEF.N0000 is good value based on its Price-To-Sales Ratio (1.7x) compared to the LK Hospitality industry average (3.1x)

Price to Sales Ratio vs Fair Ratio

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

REEF.N0000 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ration/a

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate REEF.N0000's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate REEF.N0000's fair value for valuation analysis.

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 Citrus Leisure forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Consumer Services 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 Citrus Leisure 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.

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  • Take a look at our analysis of REEF.N0000’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Citrus Leisure performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: REEF.N0000 is currently unprofitable.

Growing Profit Margin: REEF.N0000 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: REEF.N0000 is unprofitable, and losses have increased over the past 5 years at a rate of 18.5% per year.

Accelerating Growth: Unable to compare REEF.N0000's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: REEF.N0000 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (34.8%).

Return on Equity

High ROE: REEF.N0000 has a negative Return on Equity (-14.06%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Citrus Leisure's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: REEF.N0000's short term assets (LKR324.9M) do not cover its short term liabilities (LKR1.9B).

Long Term Liabilities: REEF.N0000's short term assets (LKR324.9M) do not cover its long term liabilities (LKR3.2B).

Debt to Equity History and Analysis

Debt Level: REEF.N0000's net debt to equity ratio (91.1%) is considered high.

Reducing Debt: REEF.N0000's debt to equity ratio has increased from 93.8% to 94.3% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: REEF.N0000 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: REEF.N0000 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 0.5% each year

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What is Citrus Leisure current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate REEF.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 REEF.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 REEF.N0000's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as REEF.N0000 has not reported any payouts.

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


Average board tenure


Priya Chandana Talwatte



Mr. Priya Chandana Bandara Talwatte has been the Chief Executive Officer of P.W. Corporate Secretarial (Pvt) Ltd. since May 02, 2012.Mr. Talwatte serves as the Chief Executive Officer of Hikkaduwa Beach R...

Board Members

Experienced Board: REEF.N0000's board of directors are seasoned and experienced ( 11.8 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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Citrus Leisure PLC's employee growth, exchange listings and data sources

Key Information

  • Name: Citrus Leisure PLC
  • Ticker: REEF.N0000
  • Exchange: COSE
  • Founded: 1973
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: LK₨1.416b
  • Shares outstanding: 267.23m
  • Website:

Number of Employees


  • Citrus Leisure PLC
  • No. 56/1, Kynsey Road
  • Colombo
  • 8
  • Sri Lanka


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Annual Earnings2022/03/31

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.