Sri Lankan (CSE) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies261
- 7D-1.2%
- 3M8.1%
- 1Y27.2%
- YTD15.1%
Over the last 7 days, the market has dropped 1.2%, driven by a pullback of 1.5% in the Financials sector. In contrast, the Healthcare sector has actually gained 4.0%. As for the longer term, the market has actually risen by 27% in the last year. Earnings are forecast to grow by 27% annually.
Trending IndustriesRenewable Energy
Market Valuation and Performance
Has the Sri Lankan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | LK₨4.5t | LK₨6.3t | LK₨510.5b | 8.3x | 8.8x | 0.7x |
| Fri, 17 May 2024 | LK₨4.8t | LK₨6.5t | LK₨465.6b | 8.7x | 10.2x | 0.7x |
| Sun, 14 Apr 2024 | LK₨4.6t | LK₨6.4t | LK₨464.0b | 9x | 10x | 0.7x |
| Tue, 12 Mar 2024 | LK₨4.4t | LK₨6.4t | LK₨460.7b | 8.2x | 9.5x | 0.7x |
| Thu, 08 Feb 2024 | LK₨4.0t | LK₨6.4t | LK₨376.4b | 7.6x | 10.7x | 0.6x |
| Sat, 06 Jan 2024 | LK₨4.4t | LK₨6.5t | LK₨384.7b | 8.1x | 11.3x | 0.7x |
| Mon, 04 Dec 2023 | LK₨4.4t | LK₨6.6t | LK₨369.9b | 7.9x | 11.9x | 0.7x |
| Wed, 01 Nov 2023 | LK₨4.4t | LK₨6.6t | LK₨371.6b | 7.8x | 11.7x | 0.7x |
| Fri, 29 Sep 2023 | LK₨4.6t | LK₨6.8t | LK₨392.2b | 7.8x | 11.7x | 0.7x |
| Sun, 27 Aug 2023 | LK₨4.5t | LK₨6.7t | LK₨410.0b | 7.5x | 11.1x | 0.7x |
| Tue, 25 Jul 2023 | LK₨4.5t | LK₨6.9t | LK₨516.9b | 7.3x | 8.8x | 0.7x |
| Thu, 22 Jun 2023 | LK₨4.0t | LK₨7.1t | LK₨515.7b | 6x | 7.7x | 0.6x |
| Sat, 20 May 2023 | LK₨3.7t | LK₨6.7t | LK₨664.6b | 5.4x | 5.6x | 0.6x |
| Mon, 17 Apr 2023 | LK₨4.0t | LK₨6.8t | LK₨675.1b | 6x | 5.9x | 0.6x |
| Wed, 15 Mar 2023 | LK₨4.0t | LK₨6.8t | LK₨675.6b | 6x | 5.9x | 0.6x |
| Fri, 10 Feb 2023 | LK₨3.8t | LK₨6.5t | LK₨722.8b | 5.5x | 5.3x | 0.6x |
| Sun, 08 Jan 2023 | LK₨3.7t | LK₨6.5t | LK₨752.2b | 5.4x | 5x | 0.6x |
| Tue, 06 Dec 2022 | LK₨3.9t | LK₨6.5t | LK₨752.7b | 5.5x | 5.2x | 0.6x |
| Thu, 03 Nov 2022 | LK₨3.8t | LK₨6.1t | LK₨729.4b | 6.2x | 5.2x | 0.6x |
| Sat, 01 Oct 2022 | LK₨4.3t | LK₨6.0t | LK₨716.1b | 7.3x | 6x | 0.7x |
| Mon, 29 Aug 2022 | LK₨3.8t | LK₨6.0t | LK₨715.9b | 6.3x | 5.4x | 0.6x |
| Wed, 27 Jul 2022 | LK₨3.2t | LK₨5.3t | LK₨622.9b | 6.4x | 5.2x | 0.6x |
| Fri, 24 Jun 2022 | LK₨3.3t | LK₨5.3t | LK₨622.0b | 6.5x | 5.4x | 0.6x |
| Sun, 22 May 2022 | LK₨3.8t | LK₨5.0t | LK₨502.1b | 7.1x | 7.5x | 0.8x |
| Tue, 19 Apr 2022 | LK₨3.5t | LK₨4.7t | LK₨477.8b | 6.7x | 7.3x | 0.7x |
| Thu, 17 Mar 2022 | LK₨4.4t | LK₨4.7t | LK₨477.7b | 8.3x | 9.2x | 0.9x |
| Sat, 12 Feb 2022 | LK₨5.6t | LK₨4.5t | LK₨431.8b | 10.6x | 13x | 1.3x |
| Mon, 10 Jan 2022 | LK₨5.9t | LK₨4.2t | LK₨394.1b | 11.5x | 15x | 1.4x |
| Wed, 08 Dec 2021 | LK₨4.9t | LK₨4.1t | LK₨391.3b | 9.5x | 12.5x | 1.2x |
| Fri, 05 Nov 2021 | LK₨4.6t | LK₨4.0t | LK₨365.0b | 8.7x | 12.6x | 1.1x |
| Sun, 03 Oct 2021 | LK₨4.2t | LK₨3.9t | LK₨352.4b | 8.4x | 11.8x | 1.1x |
| Tue, 31 Aug 2021 | LK₨4.0t | LK₨3.9t | LK₨353.8b | 8.7x | 11.2x | 1x |
| Wed, 07 Jul 2021 | LK₨3.4t | LK₨3.9t | LK₨353.2b | 8x | 9.8x | 0.9x |
Price to Earnings Ratio
9.8x
Current Market PE
- Investors are relatively neutral on the Sri Lankan market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 8.8x.
Past Earnings Growth
- The earnings for Sri Lankan listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Sri Lankan Market?
| LK Market | -1.16% | |
| Healthcare | 3.99% | |
| Utilities | 1.79% | |
| Tech | 0.10% | |
| Consumer Discretionary | -0.65% | |
| Materials | -0.70% | |
| Consumer Staples | -0.77% | |
| Industrials | -0.88% | |
| Real Estate | -1.28% | |
| Energy | -1.51% | |
| Financials | -1.54% | |
| Telecom | -4.88% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 9.5x.
- This is likely because analysts are expecting annual earnings growth of 23.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 3.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| AAIC.N0000 Softlogic Life Insurance | LK₨68.20 | 6.7% +LK₨1.6b | -6.4% | PE8x | Financials | |
| JKH.N0000 John Keells Holdings | LK₨205.00 | 0.5% +LK₨1.5b | 44.1% | PE27.3x | Industrials | |
| NTB.N0000 Nations Trust Bank | LK₨134.25 | 3.1% +LK₨1.3b | 100.0% | PB0.7x | Financials | |
| ASIR.N0000 Asiri Hospital Holdings | LK₨24.50 | 4.3% +LK₨1.1b | 7.9% | PE9.8x | Healthcare | |
| VLL.N0000 Vidullanka | LK₨10.60 | 11.6% +LK₨1.0b | 82.8% | PE7.8x | Utilities |
