New Risk • Jun 26
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 6.4% 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: Major Risk Revenue is less than US$1m (LK₨143m revenue, or US$424k). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (LK₨3.63b market cap, or US$10.8m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: LK₨14.35 (vs LK₨11.48 in FY 2025) Full year 2026 results: EPS: LK₨14.35 (up from LK₨11.48 in FY 2025). Net income: LK₨258.8m (up 25% from FY 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to LK₨198, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 356% over the past three years. New Risk • Nov 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨3.01b (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (LK₨139m revenue, or US$455k). Market cap is less than US$10m (LK₨3.01b market cap, or US$9.82m). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: LK₨0.29 (vs LK₨1.95 in 2Q 2025) Second quarter 2026 results: EPS: LK₨0.29 (down from LK₨1.95 in 2Q 2025). Net income: LK₨5.30m (down 85% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 16
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 13 October 2025. Payout ratio is a comfortable 7.2% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Sri Lankan dividend payers (4.7%). Lower than average of industry peers (2.8%). New Risk • Aug 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Revenue is less than US$1m (LK₨131m revenue, or US$434k). Minor Risk Market cap is less than US$100m (LK₨2.80b market cap, or US$9.28m). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to LK₨184, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 291% over the past three years. Declared Dividend • Aug 25
Dividend of LK₨1.00 announced Dividend of LK₨1.00 is the same as last year. Ex-date: 23rd September 2025 Payment date: 13th October 2025 Dividend yield will be 0.7%, which is lower than the industry average of 9.0%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 43%. Announcement • Aug 23
Cargo Boat Development Company PLC announces Annual dividend, payable on October 13, 2025 Cargo Boat Development Company PLC announced Annual dividend of LKR 1.0000 per share payable on October 13, 2025, ex-date on September 23, 2025 and record date on September 24, 2025. Announcement • Aug 22
Cargo Boat Development Company PLC, Annual General Meeting, Sep 22, 2025 Cargo Boat Development Company PLC, Annual General Meeting, Sep 22, 2025, at 11:00 Sri Lanka Standard Time. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨155, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 12x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to LK₨120, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 203% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to LK₨104, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 127% over the past three years. New Risk • May 23
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 6.1% 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: Major Risks Revenue is less than US$1m (LK₨131m revenue, or US$438k). Market cap is less than US$10m (LK₨1.75b market cap, or US$5.84m). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). New Risk • Apr 04
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 6.6% 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: Major Risks Revenue is less than US$1m (LK₨131m revenue, or US$442k). Market cap is less than US$10m (LK₨1.37b market cap, or US$4.61m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Recent Insider Transactions • Mar 14
Executive MD & Executive Director recently bought LK₨126k worth of stock On the 12th of March, Niruja Thambiayah bought around 1k shares on-market at roughly LK₨87.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: LK₨0.77 (vs LK₨1.80 in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.77 (down from LK₨1.80 in 3Q 2024). Net income: LK₨13.8m (down 57% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨94.90, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 9x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨75.00, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 7x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • Sep 23
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Sri Lankan dividend payers (8.5%). Lower than average of industry peers (6.7%). Announcement • Aug 31
Cargo Boat Development Company PLC, Annual General Meeting, Sep 27, 2024 Cargo Boat Development Company PLC, Annual General Meeting, Sep 27, 2024, at 11:15 Sri Lanka Standard Time. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to LK₨62.20, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 5.5% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: LK₨1.80 (vs LK₨2.32 in 3Q 2023) Third quarter 2024 results: EPS: LK₨1.80 (down from LK₨2.32 in 3Q 2023). Net income: LK₨32.4m (down 23% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Dec 04
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 5.5% 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: Major Risks Revenue is less than US$1m (LK₨116m revenue, or US$355k). Market cap is less than US$10m (LK₨937.7m market cap, or US$2.86m). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: LK₨2.44 (vs LK₨1.01 in 2Q 2023) Second quarter 2024 results: EPS: LK₨2.44 (up from LK₨1.01 in 2Q 2023). Net income: LK₨44.0m (up 141% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Upcoming Dividend • Sep 20
Upcoming dividend of LK₨1.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 19 October 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Sri Lankan dividend payers (7.4%). Lower than average of industry peers (8.0%). New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 136% Last year net profit margin: 200% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (LK₨124m revenue, or US$387k). Market cap is less than US$10m (LK₨1.03b market cap, or US$3.21m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (136% net profit margin). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: LK₨4.31 (vs LK₨4.84 in 1Q 2023) First quarter 2024 results: EPS: LK₨4.31 (down from LK₨4.84 in 1Q 2023). Net income: LK₨77.8m (down 11% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Cargo Boat Development Company PLC Announces the Demise of Merrill J. Fernando, Independent Non Executive Director Cargo Boat Development Company PLC announced the demise of Mr. Merrill J. Fernando, Independent Non Executive Director on July 20, 2023. Reported Earnings • May 31
Full year 2023 earnings released: EPS: LK₨9.88 (vs LK₨2.11 in FY 2022) Full year 2023 results: EPS: LK₨9.88 (up from LK₨2.11 in FY 2022). Net income: LK₨178.1m (up 368% from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨55.60, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 7x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 72% over the past three years. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: LK₨2.32 (vs LK₨0.23 in 3Q 2022) Third quarter 2023 results: EPS: LK₨2.32 (up from LK₨0.23 in 3Q 2022). Net income: LK₨41.8m (up LK₨37.7m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨42.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨53.00, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 7x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 5.4% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non Executive Director T. Dharmarajah was the last independent director to join the board, commencing their role in 2020. 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 22
Investor sentiment improved over the past week After last week's 24% share price gain to LK₨55.70, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Real Estate industry in Sri Lanka. Total returns to shareholders of 15% over the past three years. Announcement • Sep 09
Cargo Boat Development Company PLC, Annual General Meeting, Sep 29, 2022 Cargo Boat Development Company PLC, Annual General Meeting, Sep 29, 2022, at 11:00 Sri Lanka Standard Time. Agenda: To receive and consider the Report of the Directors and the Audited Statement of Accounts for the year ended 31 March 2022 with the Report of the Auditors thereon; and to authorise the Directors to determine and make donations. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: LK₨4.84 (vs LK₨2.43 in 1Q 2022) First quarter 2023 results: EPS: LK₨4.84 (up from LK₨2.43 in 1Q 2022). Net income: LK₨87.3m (up 99% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 12
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 08 September 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 8.7%. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨42.20, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 9x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 29% over the past three years. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non Executive Director T. Dharmarajah was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.23 (down from LK₨0.72 in 3Q 2021). Net income: LK₨4.12m (down 68% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨52.80, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Real Estate industry in Sri Lanka. Total loss to shareholders of 34% over the past three years. Is New 90 Day High Low • Mar 02
New 90-day low: LK₨61.00 The company is down 5.0% from its price of LK₨64.00 on 02 December 2020. The Sri Lankan market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: LK₨74.90 The company is up 36% from its price of LK₨55.00 on 29 October 2020. The Sri Lankan market is up 55% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: LK₨69.90 The company is up 40% from its price of LK₨50.00 on 07 October 2020. The Sri Lankan market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: LK₨67.00 The company is up 33% from its price of LK₨50.50 on 08 September 2020. The Sri Lankan market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 15% share price gain to LK₨67.00, the stock is trading at a trailing P/E ratio of 24.6x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 15x in the Real Estate industry in Sri Lanka. Total return to shareholders over the past three years is a loss of 17%. Valuation Update With 7 Day Price Move • Oct 16
Market bids up stock over the past week After last week's 16% share price gain to LK₨64.60, the stock is trading at a trailing P/E ratio of 23.7x, up from the previous P/E ratio of 20.4x. This compares to an average P/E of 10x in the Real Estate industry in Sri Lanka. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Oct 15
New 90-day high: LK₨61.90 The company is up 56% from its price of LK₨39.70 on 17 July 2020. The Sri Lankan market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: LK₨54.40 The company is up 30% from its price of LK₨42.00 on 29 June 2020. The Sri Lankan market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 11% over the same period.