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

FCT.N0000 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (8.1x).

How does FCT.N0000's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

FCT.N0000 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Asian Capital Markets industry average (17.5x).

What is FCT.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.

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

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

FCT.N0000 (LKR23.9) is trading above our estimate of [[fair value]] (LKR15.2)

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

Insufficient data to show price forecast.

First Capital Treasuries (COSE:FCT.N0000) - Stock Price, News & Analysis

FCT.N0000 Stock Overview

A non-bank primary dealer, deals in government securities in Sri Lanka. More details

FCT.N0000 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (5.9x) is below the LK market (8.5x)

Risk Analysis

Debt is not well covered by operating cash flow

Does not have a meaningful market cap (LKR15B)

Dividend of 37.66% is not well covered by earnings

Profit margins (21.9%) are lower than last year (42.3%)

First Capital Treasuries PLC Competitors

Capital Alliance

COSE:CALT.N0000

LK₨16.0b

Asia Siyaka Commodities

COSE:ASIY.N0000

LK₨1.3b

First Capital Holdings

COSE:CFVF.N0000

LK₨12.6b

Ceylon Guardian Investment Trust

COSE:GUAR.N0000

LK₨9.2b

Price History & Performance

Summary of all time highs, changes and price drops for First Capital Treasuries
Historical stock prices
Current Share Price	LK₨23.90
52 Week High	LK₨30.00
52 Week Low	LK₨21.50
Beta	0.94
11 Month Change	-4.40%
3 Month Change	0.42%
1 Year Change	-10.49%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	138.40%

Recent updates

Shareholder Returns

	FCT.N0000	LK Capital Markets	LK Market
7D	-0.4%	4.2%	2.5%
1Y	-10.5%	-5.7%	20.1%

Return vs Industry: FCT.N0000 underperformed the LK Capital Markets industry which returned -5.7% over the past year.

Return vs Market: FCT.N0000 underperformed the LK Market which returned 20.1% over the past year.

Price Volatility

Is FCT.N0000's price volatile compared to industry and market?
FCT.N0000 volatility
FCT.N0000 Average Weekly Movement	3.4%
Capital Markets Industry Average Movement	6.1%
Market Average Movement	4.3%
10% most volatile stocks in LK Market	6.3%
10% least volatile stocks in LK Market	3.0%

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

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

About the Company

Founded	Employees	CEO	Website
1982	17	Sachith Perera	www.firstcapital.lk

First Capital Treasuries PLC, a non-bank primary dealer, deals in government securities in Sri Lanka. The company’s product offering includes distribution and leveraging of government securities. It also engages in the secondary market business, which involves trading of government securities.

First Capital Treasuries PLC Fundamentals Summary

How do First Capital Treasuries's earnings and revenue compare to its market cap?
FCT.N0000 fundamental statistics
Market cap	LK₨14.71b
Earnings (TTM)	LK₨2.51b
Revenue (TTM)	LK₨11.48b

5.9x

P/E Ratio

1.3x

P/S Ratio

Is FCT.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FCT.N0000 income statement (TTM)
Revenue	LK₨11.48b
Cost of Revenue	LK₨7.51b
Gross Profit	LK₨3.97b
Other Expenses	LK₨1.46b
Earnings	LK₨2.51b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.08
Gross Margin	34.56%
Net Profit Margin	21.88%
Debt/Equity Ratio	967.5%

How did FCT.N0000 perform over the long term?

See historical performance and comparison

Dividends

37.7%

Current Dividend Yield

110%

Payout Ratio

FCT.N0000 Stock Overview

Rewards

Risk Analysis

First Capital Treasuries PLC Competitors

COSE:CALT.N0000

LK₨16.0b

COSE:ASIY.N0000

LK₨1.3b

COSE:CFVF.N0000

LK₨12.6b

COSE:GUAR.N0000

LK₨9.2b

Price History & Performance

Recent News & Updates

New major risk - Financial position

First Capital Treasuries Appoints Cilani Wijesinghe as Independent Non-Executive Director

New major risk - Financial position

First Capital Treasuries PLC, Annual General Meeting, Jun 28, 2024

Upcoming dividend of LK₨4.50 per share

First Capital Treasuries PLC Appoints Manjula Mathews as Chairperson (Non- Independent Non-Executive Director)

Recent updates

New major risk - Financial position

First Capital Treasuries Appoints Cilani Wijesinghe as Independent Non-Executive Director

New major risk - Financial position

First Capital Treasuries PLC, Annual General Meeting, Jun 28, 2024

Upcoming dividend of LK₨4.50 per share

First Capital Treasuries PLC Appoints Manjula Mathews as Chairperson (Non- Independent Non-Executive Director)

Investor sentiment deteriorates as stock falls 22%

First Capital Treasuries PLC, Annual General Meeting, Sep 08, 2023

Investor sentiment improves as stock rises 15%

New major risk - Share price stability

Investor sentiment improves as stock rises 28%

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Insufficient new directors

First Capital Treasuries PLC, Annual General Meeting, Sep 08, 2022

Insufficient new directors

Insufficient new directors

Shareholder Returns

Price Volatility

About the Company

First Capital Treasuries PLC Fundamentals Summary

5.9x

1.3x

Earnings & Revenue

Dividends

37.7%

110%