Upcoming Dividend • Jun 24
Upcoming dividend of LK₨0.50 per share Eligible shareholders must have bought the stock before 01 July 2026. Payment date: 20 July 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Sri Lankan dividend payers (4.3%). Lower than average of industry peers (3.6%). Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨3.64 (vs LK₨2.72 in FY 2025) Full year 2026 results: EPS: LK₨3.64 (up from LK₨2.72 in FY 2025). Revenue: LK₨91.8b (up 10% from FY 2025). Net income: LK₨6.90b (up 34% from FY 2025). Profit margin: 7.5% (up from 6.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Declared Dividend • Jun 01
Dividend of LK₨0.50 announced Shareholders will receive a dividend of LK₨0.50. Ex-date: 1st July 2026 Payment date: 20th July 2026 Dividend yield will be 1.5%, which is lower than the industry average of 8.6%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 03
Third quarter 2026 earnings released: EPS: LK₨1.26 (vs LK₨1.34 in 3Q 2025) Third quarter 2026 results: EPS: LK₨1.26 (down from LK₨1.34 in 3Q 2025). Revenue: LK₨28.6b (up 11% from 3Q 2025). Net income: LK₨2.39b (down 5.7% from 3Q 2025). Profit margin: 8.3% (down from 9.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Kshenuka Senewiratne was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: LK₨12.2b (US$40.2m) This is considered a minor 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 Risk Debt is not well covered by operating cash flow (18% 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. Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (LK₨12.2b market cap, or US$40.2m). New Risk • Aug 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 (18% 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. Profit margins are more than 30% lower than last year (6.1% net profit margin). Upcoming Dividend • Jun 24
Upcoming dividend of LK₨2.50 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 21 July 2025. Payout ratio is a comfortable 18% and the cash payout ratio is 97%. Trailing yield: 2.1%. Lower than top quartile of Sri Lankan dividend payers (5.4%). Lower than average of industry peers (4.7%). Tillkännagivande • Jun 02
CIC Holdings PLC, Annual General Meeting, Jun 30, 2025 CIC Holdings PLC, Annual General Meeting, Jun 30, 2025. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: LK₨13.91 (vs LK₨25.58 in FY 2024) Full year 2025 results: EPS: LK₨13.91 (down from LK₨25.58 in FY 2024). Revenue: LK₨83.3b (up 9.0% from FY 2024). Net income: LK₨5.15b (down 47% from FY 2024). Profit margin: 6.2% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% 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 (12% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Declared Dividend • Jun 01
Dividend of LK₨2.50 announced Dividend of LK₨2.50 is the same as last year. Ex-date: 1st July 2025 Payment date: 21st July 2025 Dividend yield will be 2.1%, which is lower than the industry average of 8.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 31
CIC Holdings PLC Proposes Final Dividend for the Financial Year Ended March 31, 2025, Payable on July 21, 2025 CIC Holdings PLC proposed final dividend of LKR 2.5 per share for the financial year ended March 31, 2025. Payment date: July 21, 2025. XD date: July 1, 2025. AGM date: June 30, 2025. New Risk • Mar 13
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 6.7% 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 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 (6.7% average weekly change). Profit margins are more than 30% lower than last year (7.3% net profit margin). New Risk • Feb 08
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: 7.3% Last year net profit margin: 13% 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 Risk Debt is not well covered by operating cash flow (19% 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. Profit margins are more than 30% lower than last year (7.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to LK₨120, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨94.90, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 7x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 67% over the past three years. New Risk • Nov 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% 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 (7.2% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (160% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (LK₨28.5b market cap, or US$97.4m). Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: LK₨2.83 (vs LK₨2.38 in 2Q 2024) Second quarter 2025 results: EPS: LK₨2.83 (up from LK₨2.38 in 2Q 2024). Revenue: LK₨19.0b (up 7.4% from 2Q 2024). Net income: LK₨1.06b (up 17% from 2Q 2024). Profit margin: 5.6% (up from 5.1% in 2Q 2024). 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 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: LK₨3.30 (vs LK₨1.30 in 1Q 2024) First quarter 2025 results: EPS: LK₨3.30 (up from LK₨1.30 in 1Q 2024). Revenue: LK₨19.8b (up 16% from 1Q 2024). Net income: LK₨1.25b (up 154% from 1Q 2024). Profit margin: 6.3% (up from 2.9% in 1Q 2024). 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 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 31
CIC Holdings PLC, Annual General Meeting, Jun 28, 2024 CIC Holdings PLC, Annual General Meeting, Jun 28, 2024. Reported Earnings • May 30
Full year 2024 earnings released: EPS: LK₨25.70 (vs LK₨20.44 in FY 2023) Full year 2024 results: EPS: LK₨25.70 (up from LK₨20.44 in FY 2023). Revenue: LK₨76.4b (up 12% from FY 2023). Net income: LK₨9.70b (up 25% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). 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 15% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 30
Dividend of LK₨2.50 announced Shareholders will receive a dividend of LK₨2.50. Ex-date: 1st July 2024 Payment date: 18th July 2024 Dividend yield will be 3.2%, which is lower than the industry average of 8.6%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 61% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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 (11% 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. Large one-off items impacting financial results. Market cap is less than US$100m (LK₨21.2b market cap, or US$67.9m). Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: LK₨19.09 (vs LK₨5.52 in 3Q 2023) Third quarter 2024 results: EPS: LK₨19.09 (up from LK₨5.52 in 3Q 2023). Revenue: LK₨25.4b (up 30% from 3Q 2023). Net income: LK₨7.23b (up 246% from 3Q 2023). Profit margin: 28% (up from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kshenuka Senewiratne was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 24
Second quarter 2024 earnings released: EPS: LK₨2.37 (vs LK₨6.19 in 2Q 2023) Second quarter 2024 results: EPS: LK₨2.37 (down from LK₨6.19 in 2Q 2023). Revenue: LK₨17.7b (flat on 2Q 2023). Net income: LK₨902.2m (down 62% from 2Q 2023). Profit margin: 5.1% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year and the company’s share price has also increased by 35% per year. New Risk • Jul 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). 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₨27.4b market cap, or US$83.6m). Reported Earnings • Jul 22
First quarter 2024 earnings released: EPS: LK₨1.33 (vs LK₨5.80 in 1Q 2023) First quarter 2024 results: EPS: LK₨1.33 (down from LK₨5.80 in 1Q 2023). Revenue: LK₨17.1b (up 12% from 1Q 2023). Net income: LK₨493.1m (down 78% from 1Q 2023). Profit margin: 2.9% (down from 14% 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 48% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 27
Upcoming dividend of LK₨2.50 per share at 3.7% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Sri Lankan dividend payers (8.4%). Lower than average of industry peers (8.3%). Tillkännagivande • May 26
CIC Holdings PLC, Annual General Meeting, Jun 30, 2023 CIC Holdings PLC, Annual General Meeting, Jun 30, 2023. Reported Earnings • May 26
Full year 2023 earnings released: EPS: LK₨20.44 (vs LK₨10.32 in FY 2022) Full year 2023 results: EPS: LK₨20.44 (up from LK₨10.32 in FY 2022). Revenue: LK₨68.3b (up 64% from FY 2022). Net income: LK₨7.75b (up 98% from FY 2022). Profit margin: 11% (up from 9.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 22
Third quarter 2023 earnings released: EPS: LK₨5.52 (vs LK₨3.06 in 3Q 2022) Third quarter 2023 results: EPS: LK₨5.52 (up from LK₨3.06 in 3Q 2022). Revenue: LK₨19.5b (up 72% from 3Q 2022). Net income: LK₨2.09b (up 80% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jan 06
CIC Holdings PLC Appoints Kshenuka Senewiratne as Independent Non-Executive Director CIC Holdings PLC announced the appointment of diplomat Kshenuka Senewiratne as an independent non-executive director of the company with effect from January 1, 2023. Kshenuka having been a Grade I Officer of the Sri Lanka Foreign Service has the distinction of being the first female Permanent Representative to the United Nations (UN) in New York and High Commissioner to the United Kingdom (UK) and also the Secretary of the Ministry of Foreign Affairs. Kshenuka, a seasoned diplomat, who retired from the Public Service in 2020, counts a 35-year track record with the Sri Lanka Foreign Service, having held postings as Sri Lanka's Head of Mission to the UN both in Geneva and New York, UK and Thailand. She has extensive expertise in the North American, European and Asian regions in a multitude of strategies to enhance bilateral and multilateral relations, especially through political and economic cooperation in the global context, and also ensuring the overall administrative effectiveness of the Sri Lankan missions overseas and the Ministry of Foreign Affairs where she served. She is currently working in an advisory capacity on international media. Kshenuka has strong academic and professional qualifications with a Bachelor of Science in Economics (University of Salford, UK), Chevening Scholar Oxford University UK and Master of Arts in International Relations (University of Colombo). In addition, she has followed a plethora of professional training programmes ranging from United Nations Disarmament programme, KOICA Administrative programme (Korea) and the US, Near East South Asia Centre (NESA) for strategic studies executive programme. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨91.80, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 582% over the past three years. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: LK₨6.18 (vs LK₨2.01 in 2Q 2022) Second quarter 2023 results: EPS: LK₨6.18 (up from LK₨2.01 in 2Q 2022). Revenue: LK₨17.8b (up 87% from 2Q 2022). Net income: LK₨2.35b (up 208% from 2Q 2022). Profit margin: 13% (up from 8.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨92.50, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 662% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨73.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 491% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨62.00, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 6x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 402% over the past three years. Reported Earnings • Jul 26
First quarter 2023 earnings released: EPS: LK₨5.71 (vs LK₨1.98 in 1Q 2022) First quarter 2023 results: EPS: LK₨5.71 (up from LK₨1.98 in 1Q 2022). Revenue: LK₨15.3b (up 69% from 1Q 2022). Net income: LK₨2.20b (up 193% from 1Q 2022). Profit margin: 14% (up from 8.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨38.00, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 209% over the past three years. Upcoming Dividend • Jun 24
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Sri Lankan dividend payers (9.4%). Lower than average of industry peers (7.9%). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨42.10, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 344% over the past three years. Reported Earnings • May 26
Full year 2022 earnings released: EPS: LK₨10.05 (vs LK₨8.50 in FY 2021) Full year 2022 results: EPS: LK₨10.05 (up from LK₨8.50 in FY 2021). Revenue: LK₨41.8b (up 12% from FY 2021). Net income: LK₨3.91b (up 21% from FY 2021). Profit margin: 9.4% (up from 8.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 53% per year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨40.60, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 351% over the past three years. Reported Earnings • Jan 23
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: LK₨11.3b (up 1.5% from 3Q 2021). Net income: LK₨1.16b (flat on 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨66.50, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 9x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 648% over the past three years. Upcoming Dividend • Oct 26
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 02 November 2021. Payment date: 24 November 2021. Trailing yield: 1.0%. Lower than top quartile of Sri Lankan dividend payers (5.5%). Lower than average of industry peers (5.1%). Reported Earnings • Oct 23
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₨9.54b (up 4.5% from 2Q 2021). Net income: LK₨762.4m (up 6.0% from 2Q 2021). Profit margin: 8.0% (up from 7.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 74% per year. Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS LK₨1.98 (vs LK₨0.98 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨9.05b (up 15% from 1Q 2021). Net income: LK₨751.1m (up 100% from 1Q 2021). Profit margin: 8.3% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 24
Upcoming dividend of LK₨1.25 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 22 July 2021. Trailing yield: 0.9%. Lower than top quartile of Sri Lankan dividend payers (5.5%). Lower than average of industry peers (5.0%). Upcoming Dividend • Mar 12
Upcoming Dividend of LK₨1.00 Per Share Will be paid on the 9th of April to those who are registered shareholders by the 19th of March. The trailing yield of 0.9% is below the top quartile of Sri Lankan dividend payers (4.6%), and is lower than industry peers (3.3%). Is New 90 Day High Low • Jan 13
New 90-day high: LK₨71.60 The company is up 145% from its price of LK₨29.23 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 Chemicals industry, which is up 45% over the same period. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 35% share price gain to LK₨62.50, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 10x in the Chemicals industry in Sri Lanka. Total returns to shareholders over the past three years are 347%. Is New 90 Day High Low • Dec 23
New 90-day high: LK₨185 The company is up 97% from its price of LK₨94.00 on 24 September 2020. The Sri Lankan market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 49% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: LK₨175 The company is up 125% from its price of LK₨78.00 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 Chemicals industry, which is up 62% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 15% share price gain to LK₨162, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 9x in the Chemicals industry in Sri Lanka. Total returns to shareholders over the past three years are 189%. Is New 90 Day High Low • Nov 06
New 90-day high: LK₨127 The company is up 63% from its price of LK₨78.00 on 07 August 2020. The Sri Lankan market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 67% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total profits of LK₨1.74b, up 35% from the prior year. Total revenue was LK₨33.0b over the last 12 months, up 8.5% from the prior year. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 16% share price gain to LK₨98.80, the stock is trading at a trailing P/E ratio of 7.2x, up from the previous P/E ratio of 6.2x. This compares to an average P/E of 7x in the Chemicals industry in Sri Lanka. Total returns to shareholders over the past three years are 50%. Is New 90 Day High Low • Oct 14
New 90-day high: LK₨98.80 The company is up 80% from its price of LK₨55.00 on 16 July 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 66% over the same period. 