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Sri Lankan (CSE) Market Analysis & Valuation

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies260
  • 7D0.4%
  • 3M19.2%
  • 1Y30.2%
  • YTD16.9%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 7.0% in that time. Meanwhile, the market is actually up 30% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Sri Lankan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 May 2024LK₨4.8tLK₨6.5tLK₨457.3b9x10.6x0.7x
Fri, 05 Apr 2024LK₨4.5tLK₨6.4tLK₨464.8b8.7x9.7x0.7x
Sun, 03 Mar 2024LK₨4.1tLK₨6.4tLK₨459.2b8x9x0.6x
Tue, 30 Jan 2024LK₨4.2tLK₨6.4tLK₨373.5b8x11.2x0.7x
Thu, 28 Dec 2023LK₨4.3tLK₨6.5tLK₨373.4b7.8x11.5x0.7x
Sat, 25 Nov 2023LK₨4.3tLK₨6.6tLK₨369.9b7.9x11.7x0.7x
Mon, 23 Oct 2023LK₨4.4tLK₨6.8tLK₨391.0b7.6x11.3x0.7x
Wed, 20 Sep 2023LK₨4.6tLK₨6.7tLK₨392.8b7.8x11.6x0.7x
Fri, 18 Aug 2023LK₨4.6tLK₨6.7tLK₨410.5b7.5x11.3x0.7x
Sun, 16 Jul 2023LK₨4.4tLK₨6.9tLK₨518.4b6.7x8.5x0.6x
Tue, 13 Jun 2023LK₨3.9tLK₨7.1tLK₨516.6b6x7.5x0.5x
Thu, 11 May 2023LK₨3.8tLK₨6.7tLK₨647.9b5.7x5.8x0.6x
Sat, 08 Apr 2023LK₨3.9tLK₨6.8tLK₨675.5b6x5.8x0.6x
Mon, 06 Mar 2023LK₨4.0tLK₨6.8tLK₨675.1b5.8x5.9x0.6x
Wed, 01 Feb 2023LK₨3.8tLK₨6.5tLK₨735.9b5.4x5.2x0.6x
Fri, 30 Dec 2022LK₨3.8tLK₨6.5tLK₨752.1b5.2x5x0.6x
Sun, 27 Nov 2022LK₨3.6tLK₨6.5tLK₨750.3b5.1x4.8x0.5x
Tue, 25 Oct 2022LK₨3.8tLK₨6.0tLK₨718.4b6.6x5.2x0.6x
Thu, 22 Sep 2022LK₨4.3tLK₨6.0tLK₨716.1b7.3x6x0.7x
Sat, 20 Aug 2022LK₨3.9tLK₨6.0tLK₨715.6b6.1x5.5x0.7x
Mon, 18 Jul 2022LK₨3.2tLK₨5.3tLK₨619.0b6.3x5.2x0.6x
Wed, 15 Jun 2022LK₨3.5tLK₨5.3tLK₨622.0b6.6x5.6x0.7x
Fri, 13 May 2022LK₨3.3tLK₨4.9tLK₨515.6b6.1x6.4x0.7x
Sun, 10 Apr 2022LK₨3.5tLK₨4.7tLK₨477.9b6.8x7.3x0.7x
Tue, 08 Mar 2022LK₨4.9tLK₨4.7tLK₨476.1b9.1x10.3x1x
Thu, 03 Feb 2022LK₨5.6tLK₨4.4tLK₨422.1b11.3x13.2x1.3x
Sat, 01 Jan 2022LK₨5.4tLK₨4.2tLK₨392.1b10.5x13.8x1.3x
Mon, 29 Nov 2021LK₨5.0tLK₨4.1tLK₨391.3b9.7x12.7x1.2x
Wed, 27 Oct 2021LK₨4.4tLK₨3.9tLK₨354.5b8.6x12.5x1.1x
Fri, 24 Sep 2021LK₨3.9tLK₨3.9tLK₨352.4b8.4x11x1x
Sun, 22 Aug 2021LK₨3.6tLK₨3.9tLK₨353.8b8.6x10.3x0.9x
Fri, 09 Jul 2021LK₨3.4tLK₨3.9tLK₨353.2b8x9.8x0.9x
Price to Earnings Ratio

10.4x


Total Market Cap: LK₨3.2tTotal Earnings: LK₨312.5bTotal Revenue: LK₨3.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Sri Lankan Market Price to Earnings3Y Average 8.9x202220232024
Current Market PE
  • Investors are optimistic on the Sri Lankan market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 10.6x which is higher than its 3-year average PE of 8.9x.
Past Earnings Growth
  • The earnings for Sri Lankan listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Market0.44%
Tech6.98%
Real Estate3.47%
Materials1.81%
Consumer Discretionary1.72%
Healthcare1.67%
Financials1.13%
Consumer Staples0.21%
Utilities-0.015%
Industrials-0.74%
Telecom-0.92%
Energy-1.50%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 9.3% which is higher than its past year's earnings decline of 32.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 9.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
LOLC.N0000 LOLC HoldingsLK₨485.253.7%
+LK₨8.3b		37.2%PE7.6xFinancials
LOFC.N0000 LOLC FinanceLK₨7.101.4%
+LK₨3.3b		31.5%PE11.6xFinancials
CCS.N0000 Ceylon Cold StoresLK₨65.105.0%
+LK₨2.9b		66.9%PE18.9xConsumer Staples
CARS.N0000 Carson CumberbatchLK₨274.255.8%
+LK₨2.9b		9.3%PE7.4xConsumer Staples
HAYL.N0000 HayleysLK₨94.804.2%
+LK₨2.9b		39.4%PE17.9xIndustrials
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LK₨204.75

John Keells Holdings

7D

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1Y

48.6%

HNB.N0000

LK₨197.00

Hatton National Bank

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1Y

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COMB.N0000

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102.4%

CCS.N0000

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Ceylon Cold Stores

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1Y

66.9%

LOFC.N0000

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LOLC Finance

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1.4%

1Y

31.5%

HHL.N0000

LK₨85.00

Hemas Holdings

7D

-3.8%

1Y

37.1%

HAYL.N0000

LK₨94.80

Hayleys

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4.2%

1Y

39.4%

SAMP.N0000

LK₨78.70

Sampath Bank

7D

-3.3%

1Y

52.8%

RCL.N0000

LK₨35.20

Royal Ceramics Lanka

7D

4.8%

1Y

29.4%

BRWN.N0000

LK₨133.00

Brown

7D

6.8%

1Y

20.4%

LOLC.N0000

LK₨485.25

LOLC Holdings

7D

3.7%

1Y

37.2%

DIAL.N0000

LK₨11.50

Dialog Axiata

7D

-3.4%

1Y

6.5%

RICH.N0000

LK₨21.90

Richard Pieris

7D

4.3%

1Y

18.4%

CARS.N0000

LK₨274.25

Carson Cumberbatch

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5.8%

1Y

9.3%

LION.N0000

LK₨1,125.25

Lion Brewery (Ceylon)

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VONE.N0000

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Vallibel One

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