Announcement • Jun 05
Vallibel Finance PLC, Annual General Meeting, Jun 26, 2026 Vallibel Finance PLC, Annual General Meeting, Jun 26, 2026, at 10:00 Sri Lanka Standard Time. Location: at the auditorium of the corporate office, company no 480, galle road, colombo 03 Sri Lanka Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨15.60 (vs LK₨11.45 in FY 2025) Full year 2026 results: EPS: LK₨15.60 (up from LK₨11.45 in FY 2025). Revenue: LK₨13.6b (up 53% from FY 2025). Net income: LK₨3.67b (up 36% from FY 2025). Profit margin: 27% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨85.30, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 11x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 197% over the past three years. Announcement • Mar 10
Vallibel Finance PLC, Annual General Meeting, Mar 26, 2026 Vallibel Finance PLC, Annual General Meeting, Mar 26, 2026. Location: auditorium of the corporate office of the company, no.480, galle road, colombo 03. United States Reported Earnings • Oct 28
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: LK₨3.40b (up 56% from 2Q 2025). Net income: LK₨964.6m (up 46% from 2Q 2025). Profit margin: 28% (down from 30% in 2Q 2025). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to LK₨103, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 9x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 376% over the past three years. Declared Dividend • Jun 14
Dividend increased to LK₨2.75 Dividend of LK₨2.75 is 38% higher than last year. Ex-date: 23rd June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is lower than the industry average of 5.3%. Announcement • Jun 13
Vallibel Finance PLC announces Annual dividend, payable on July 11, 2025 Vallibel Finance PLC announced Annual dividend of LKR 2.7500 per share payable on July 11, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. New Risk • Jun 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (LK₨18.7b market cap, or US$62.6m). New Risk • Jun 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (100% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (LK₨18.6b market cap, or US$62.3m). Announcement • Jun 05
Vallibel Finance PLC, Annual General Meeting, Jun 30, 2025 Vallibel Finance PLC, Annual General Meeting, Jun 30, 2025, at 10:00 Sri Lanka Standard Time. Location: auditorium of the corporate office of the company, no.480, galle road, colombo 03, Sri Lanka New Risk • May 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (LK₨18.1b market cap, or US$60.5m). Reported Earnings • May 31
Full year 2025 earnings released: EPS: LK₨56.00 (vs LK₨8.73 in FY 2024) Full year 2025 results: EPS: LK₨56.00 (up from LK₨8.73 in FY 2024). Revenue: LK₨10.9b (up 46% from FY 2024). Net income: LK₨3.30b (up 60% from FY 2024). Profit margin: 30% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. New Risk • May 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (100% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (LK₨17.3b market cap, or US$57.8m). Reported Earnings • Oct 29
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: LK₨2.52b (up 32% from 2Q 2024). Net income: LK₨659.2m (up 34% from 2Q 2024). Profit margin: 26% (in line with 2Q 2024). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: LK₨2.10 (vs LK₨1.66 in 1Q 2024) First quarter 2025 results: EPS: LK₨2.10 (up from LK₨1.66 in 1Q 2024). Revenue: LK₨2.28b (up 42% from 1Q 2024). Net income: LK₨494.8m (up 26% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Jun 20
Dividend increased to LK₨2.00 Dividend of LK₨2.00 is 100% higher than last year. Ex-date: 28th June 2024 Payment date: 17th July 2024 Dividend yield will be 4.5%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (89% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (LK₨10.6b market cap, or US$34.9m). Announcement • Jun 08
Vallibel Finance PLC, Annual General Meeting, Jun 28, 2024 Vallibel Finance PLC, Annual General Meeting, Jun 28, 2024, at 10:00 Sri Lanka Standard Time. Location: auditorium of the corporate office of the company, no 480, galle road, colombo 03, Sri Lanka Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: LK₨8.73 (vs LK₨5.64 in FY 2023) Full year 2024 results: EPS: LK₨8.73 (up from LK₨5.64 in FY 2023). Revenue: LK₨8.42b (up 61% from FY 2023). Net income: LK₨2.05b (up 55% from FY 2023). Profit margin: 24% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 13
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: LK₨5.45b (up 383% from 3Q 2023). Net income: LK₨1.36b (up LK₨1.19b from 3Q 2023). Profit margin: 25% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (141% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin). Market cap is less than US$100m (LK₨7.86b market cap, or US$25.1m). Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: LK₨8.36 (vs LK₨0.66 in 2Q 2023) Second quarter 2024 results: EPS: LK₨8.36 (up from LK₨0.66 in 2Q 2023). Revenue: LK₨2.07b (up 151% from 2Q 2023). Net income: LK₨492.3m (up 217% from 2Q 2023). Profit margin: 24% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Sep 25
Vallibel Finance PLC Appoints Kapila Dodamgoda as an Independent Non-Executive Director Vallibel Finance PLC to announced the appointment of Kapila Dodamgoda as an Independent Non-Executive Director of the company, with effect from September 5, 2023. Dodamgoda was Finance Director for MAS lnvestments, the non-apparel investment arm of MAS Group. Before taking on this role, he served as General Manager of Finance - Overseas Operations in Madagascar, Vietnam and India for MAS Active (Private) Limited and Financial Controller for Shadowline (Private) Limited. He was also a Senior Manager in Trade Finance and Corporate Finance (Project Monitoring) at Vanik Incorporation Limited and an Engineer at Hayleys Electronics (Private) Limited. He is Regional Director of the Institute of Certified Management Accountants - Australia and New Zealand (ICMA-ANZ) Sri Lanka and Founder/Managing Director of the Academy of Finance (Private) Limited. The Academy of Finance has pioneered the launching of the ICMA-ANZ, Chartered Institute of Securities and lnvestments (CISI-UK), Institute of Internal Auditors (IIA-USA) and Asia e University educational programmes in Sri Lanka under his leadership and guidance. He was also a Director of the National Engineering Research and Development Centre (NERD) from 2020 to 2022. Dodamgoda holds a Master's Degree in Economics from the University of Colombo and a Bachelor's in Electronics and Telecommunications Engineering from the University of Moratuwa. He is a Fellow Member of ICMA-ANZ and the Chartered Institute of Management Accountants (CIMA-UK). He holds Memberships with the CISI-UK, Chartered Institute of Marketing (CIM-UK), Sri Lanka Institute of Marketing and Institute of Engineers (Sri Lanka). He has been a key resource person for finance in educational programmes conducted by a number of professional accounting and finance bodies, universities and corporations. Announcement • Sep 20
Vallibel Finance PLC Announces Board Changes Vallibel Finance PLC announced that Mr. Aravinda Dadigama, Independent Non Executive Director of the company completed his term of 9 years of service as a Director of the Company on September 15, 2023. Accordingly, in terms of Section 3.3 of the Finance Business Act (Corporate Governance) Directions No. 05 of 2021, Mr. Aravinda Dadigama ceased to be a Director of the Company effective from September 15, 2023. Consequently, after having obtained the relevant regulatory approval under the Finance Business Act, Mr. Janaka Kumarasinghe, Independent Non Executive Director was re-designated as the Senior Independent Director with effect from September 16, 2023. Announcement • Aug 24
Vallibel Finance plc Announces Retirement of Kulappuarachchige Don Anuradha Perera as Non-Executive Director/ Chairman Vallibel Finance PLC informed that Mr. Kulappuarachchige Don Anuradha Perera, who was a Non-Executive Director/Chairman of the company completed his term of 9 years of service as a Director of the Company on August 12, 2023. Accordingly, in terms of Section 3.3 of the Finance Business Act (Corporate Governance) Directions No. 05 of 2021, Mr. K D A Perera ceased to be a Director of the Company effective from August 12, 2023. Announcement • Aug 22
Vallibel Finance plc Appoints Rohan Tennakoon as COO Vallibel Finance PLC recently welcomed Rohan Tennakoon on its team as Chief Operating Officer (COO) to drive its next stage of growth. An accomplished and results-driven professional with a progressive career spanning over 30+ years mostly in Finance and Banking sector with exposure to Manufacturing, Travel & Accounting, healso possesses a proven track record in Business Management, Operations, Branch Operations, Credit and Credit Administration, Marketing, Business Development, Legal and Enterprise Risk Management with accredited Corporate, Social, Regulatory and Industrial connections with a high level of integrity. He joins with the mandate of implementing future expansion plans and driving new developments for Vallibel Finance PLC. Prior to joining Vallibel Finance PLC, he was Head of Operations at People's Leasing & Finance where he held extensive responsibilities including being overall in charge of Recoveries, Credit Administration, Tender & Auctions, Administration, Sustainability & Logistics Departments and managing the Treasury back office. He was also Deputy General Manager - Chief Risk Officer for the finance company. He was appointed to the eminent panel of Sector Engagement Committee (SEC) by the Governor of the Central Bank of Sri Lanka and also served on its Financial System Stability Consultative Committee (FSSCC). He was Chairman of the Finance House Association (FHA) and Director of Leasing Association of Sri Lanka-LASL, Director of the Sri Lanka Institute of Credit Management-SLICM and served on the panel of jury of the National Sales Congress (NASCO) - SLIM Sri Lanka, for the past 7 years consecutively amongst other reputed associations. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to LK₨42.10, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 7x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 238% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: LK₨1.76b (up 34% from 1Q 2023). Net income: LK₨391.6m (down 15% from 1Q 2023). Profit margin: 22% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 01
Upcoming dividend of LK₨1.00 per share at 6.2% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Sri Lankan dividend payers (8.2%). In line with average of industry peers (6.0%). Announcement • Jun 09
Vallibel Finance PLC, Annual General Meeting, Jun 30, 2023 Vallibel Finance PLC, Annual General Meeting, Jun 30, 2023, at 10:00 Sri Lanka Standard Time. Location: the Auditorium of the Corporate Office of the Company No 480, Galle Road, Colombo 03 Colombo Sri Lanka Agenda: To receive and consider the Annual Report of the Board of Directors on the affairs of the Company and the Statement of Accounts for the year ended 31st March 2023 with the Report of the Auditors thereon; to re-elect Mr. T Murakami who retires by rotation in terms of Articles 87 and 88 of the Articles of Association, as a Director; To re-appoint the retiring Auditors Messrs KPMG, Chartered Accountants as the Company's Auditors and to authorize the Directors to determine their remuneration; and to authorize the Directors to determine donations for the year ending 31st March 2024 and upto the date of the next Annual General Meeting. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: LK₨5.64 (vs LK₨12.07 in FY 2022) Full year 2023 results: EPS: LK₨5.64 (down from LK₨12.07 in FY 2022). Revenue: LK₨5.58b (down 5.8% from FY 2022). Net income: LK₨1.33b (down 53% from FY 2022). Profit margin: 24% (down from 48% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to LK₨32.50, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 4x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 132% over the past three years. Reported Earnings • Feb 17
Third quarter 2023 earnings released Third quarter 2023 results: Net income: LK₨172.2m (down 76% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨25.90, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 4x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 60% over the past three years. Buying Opportunity • Nov 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be LK₨26.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: LK₨2.64 (vs LK₨3.11 in 2Q 2022) Second quarter 2023 results: EPS: LK₨2.64 (down from LK₨3.11 in 2Q 2022). Revenue: LK₨952.3m (down 31% from 2Q 2022). Net income: LK₨155.2m (down 79% from 2Q 2022). Profit margin: 16% (down from 53% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Janaka Kumarasinghe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨27.80, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 3x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • Jun 13
Upcoming dividend of LK₨2.00 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 7.1%. Lower than top quartile of Sri Lankan dividend payers (8.9%). Higher than average of industry peers (5.5%). Announcement • Jun 08
Vallibel Finance PLC, Annual General Meeting, Jun 30, 2022 Vallibel Finance PLC, Annual General Meeting, Jun 30, 2022, at 10:00 Sri Lanka Standard Time. Agenda: To re-elect Mr. Janaka Kumarasinghe who retires by rotation in terms of Articles 87 and 88 of the Articles of Association, as a Director; to elect Mrs. C P Malalgoda who retires in terms of Article 94 of the Articles of Association, as a Director; to re-appoint the retiring Auditors Messrs KPMG, Chartered Accountants as the Company's Auditors and to authorize the Directors to determine their remuneration; and to authorize the Directors to determine donations for the year ending 31st March 2023 and up to the date of the next Annual General Meeting. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: LK₨12.07 (vs LK₨7.33 in FY 2021) Full year 2022 results: EPS: LK₨12.07 (up from LK₨7.33 in FY 2021). Revenue: LK₨7.15b (up 70% from FY 2021). Net income: LK₨2.84b (up 65% from FY 2021). Profit margin: 40% (down from 41% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨31.80, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 5x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 106% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Janaka Kumarasinghe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Mar 30
Senior Independent Director recently bought LK₨98k worth of stock On the 23rd of March, Aravinda Dadigama bought around 2k shares on-market at roughly LK₨40.10 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold LK₨2.6m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to LK₨44.80, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 7x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 194% over the past three years. Reported Earnings • Jan 26
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: LK₨1.85b (up 74% from 3Q 2021). Net income: LK₨720.2m (up 65% from 3Q 2021). Profit margin: 39% (down from 41% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 23% share price gain to LK₨52.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 13x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 229% over the past three years. Reported Earnings • Oct 24
Second quarter 2022 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: LK₨1.78b (up 101% from 2Q 2021). Net income: LK₨731.3m (up 123% from 2Q 2021). Profit margin: 41% (up from 37% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 07
Executive Director recently sold LK₨2.7m worth of stock On the 3rd of August, Sisira Weerabahu sold around 66k shares on-market at roughly LK₨40.57 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of LK₨18m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 75% share price decline to LK₨38.90, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 7x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 33% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of LK₨6.00 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 02 July 2021. Trailing yield: 7.5%. Within top quartile of Sri Lankan dividend payers (4.9%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 27% share price gain to LK₨163, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 161% over the past three years. Reported Earnings • May 20
Full year 2021 earnings released: EPS LK₨29.32 (vs LK₨21.29 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: LK₨4.83b (up 18% from FY 2020). Net income: LK₨1.73b (up 38% from FY 2020). Profit margin: 36% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨126, the stock is trading at a trailing P/E ratio of 5.6x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 6x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders over the past three years are 97%. Reported Earnings • Feb 11
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨1.26b (up 18% from 3Q 2020). Net income: LK₨436.3m (up 37% from 3Q 2020). Profit margin: 35% (up from 30% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 31
MD, CEO & Executive Director recently sold LK₨14m worth of stock On the 27th of January, Sarath Rangamuwa sold around 94k shares on-market at roughly LK₨152 per share. This was the largest sale by an insider in the last 3 months. This was Sarath's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨81.50, the stock is trading at a trailing P/E ratio of 4x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 8x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders over the past three years are 32%. Is New 90 Day High Low • Jan 13
New 90-day high: LK₨69.90 The company is up 24% from its price of LK₨56.40 on 15 October 2020. The Sri Lankan market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: LK₨64.80 The company is up 13% from its price of LK₨57.60 on 08 September 2020. The Sri Lankan market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Finance industry, which is up 10.0% over the same period. Recent Insider Transactions • Oct 25
Executive Director recently bought LK₨1.9m worth of stock On the 21st of October, Sisira Weerabahu bought around 32k shares on-market at roughly LK₨58.64 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨6.1m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Sep 22
New 90-day high: LK₨60.60 The company is up 6.0% from its price of LK₨57.30 on 24 June 2020. The Sri Lankan market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 7.0% over the same period. 
