Sri Lankan (CSE) Utilities Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies8
- 7D0.4%
- 3M5.8%
- 1Y21.3%
- YTD9.5%
Last week, the Utilities industry hasn't moved much but Resus Energy is up 15% in that time. As for the the longer term, the industry is up 21% over the past 12 months. As for the next few years, earnings are expected to grow by 29% per annum.
Sector Valuation and Performance
Has the Sri Lankan Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | LK₨52.6b | LK₨16.2b | LK₨2.9b | 7.3x | 18.3x | 3.2x |
| Tue, 16 Apr 2024 | LK₨51.5b | LK₨16.0b | LK₨2.8b | 7x | 18.2x | 3.2x |
| Thu, 14 Mar 2024 | LK₨48.5b | LK₨16.0b | LK₨2.8b | 6.7x | 17.1x | 3x |
| Sat, 10 Feb 2024 | LK₨49.1b | LK₨15.2b | LK₨3.9b | 7.8x | 12.5x | 3.2x |
| Mon, 08 Jan 2024 | LK₨48.4b | LK₨14.6b | LK₨4.2b | 8x | 11.7x | 3.3x |
| Wed, 06 Dec 2023 | LK₨47.9b | LK₨14.6b | LK₨4.2b | 7.9x | 11.5x | 3.3x |
| Fri, 03 Nov 2023 | LK₨47.6b | LK₨13.2b | LK₨2.2b | 14.6x | 21.7x | 3.6x |
| Sun, 01 Oct 2023 | LK₨47.1b | LK₨13.2b | LK₨2.2b | 14.4x | 21.4x | 3.6x |
| Tue, 29 Aug 2023 | LK₨48.3b | LK₨13.2b | LK₨2.2b | 14.8x | 22x | 3.7x |
| Thu, 27 Jul 2023 | LK₨46.1b | LK₨13.4b | LK₨2.4b | 9x | 18.9x | 3.4x |
| Sat, 24 Jun 2023 | LK₨43.4b | LK₨13.3b | LK₨2.3b | 9.1x | 19x | 3.3x |
| Mon, 22 May 2023 | LK₨42.9b | LK₨12.9b | LK₨1.6b | 9.6x | 27.5x | 3.3x |
| Wed, 19 Apr 2023 | LK₨44.3b | LK₨12.6b | LK₨1.7b | 11x | 25.8x | 3.5x |
| Fri, 17 Mar 2023 | LK₨44.6b | LK₨12.6b | LK₨1.7b | 11.1x | 26x | 3.5x |
| Sun, 12 Feb 2023 | LK₨41.7b | LK₨12.8b | LK₨491.6m | 9.3x | 84.9x | 3.3x |
| Tue, 10 Jan 2023 | LK₨40.9b | LK₨12.5b | LK₨751.2m | 6.5x | 54.5x | 3.3x |
| Thu, 08 Dec 2022 | LK₨42.0b | LK₨12.5b | LK₨751.2m | 6.7x | 55.9x | 3.4x |
| Sat, 05 Nov 2022 | LK₨43.3b | LK₨12.2b | LK₨2.6b | 9.4x | 16.8x | 3.6x |
| Mon, 03 Oct 2022 | LK₨47.8b | LK₨12.2b | LK₨2.6b | 9.9x | 18.6x | 3.9x |
| Wed, 31 Aug 2022 | LK₨45.4b | LK₨12.1b | LK₨2.6b | 9.5x | 17.3x | 3.7x |
| Fri, 29 Jul 2022 | LK₨43.4b | LK₨11.7b | LK₨3.2b | 7.1x | 13.5x | 3.7x |
| Sun, 26 Jun 2022 | LK₨41.1b | LK₨11.7b | LK₨3.1b | 6.7x | 13.1x | 3.5x |
| Tue, 24 May 2022 | LK₨46.6b | LK₨11.7b | LK₨5.5b | 7.9x | 8.5x | 4x |
| Thu, 21 Apr 2022 | LK₨45.0b | LK₨11.7b | LK₨5.5b | 7.8x | 8.2x | 3.8x |
| Sat, 19 Mar 2022 | LK₨50.3b | LK₨11.7b | LK₨5.5b | 8.5x | 9.2x | 4.3x |
| Mon, 14 Feb 2022 | LK₨57.1b | LK₨11.7b | LK₨5.4b | 10.8x | 10.6x | 4.9x |
| Wed, 12 Jan 2022 | LK₨62.2b | LK₨11.3b | LK₨5.4b | 10.1x | 11.5x | 5.5x |
| Fri, 10 Dec 2021 | LK₨55.0b | LK₨11.3b | LK₨5.4b | 9.5x | 10.2x | 4.9x |
| Sun, 07 Nov 2021 | LK₨52.0b | LK₨11.0b | LK₨4.9b | 8.7x | 10.6x | 4.7x |
| Tue, 05 Oct 2021 | LK₨52.7b | LK₨11.0b | LK₨4.9b | 8.9x | 10.8x | 4.8x |
| Thu, 02 Sep 2021 | LK₨51.6b | LK₨11.0b | LK₨4.9b | 8.8x | 10.5x | 4.7x |
| Sat, 31 Jul 2021 | LK₨52.7b | LK₨11.0b | LK₨4.9b | 8.8x | 10.8x | 4.8x |
Price to Earnings Ratio
11.7x
Current Industry PE
- Investors are relatively neutral on the Sri Lankan Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.8x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 16% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Sri Lankan Utilities sector?
| LK Market | -1.53% | |
| Utilities | 0.39% | |
| Renewable Energy | 0.39% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 29.2%, which is lower than the prior year's growth of 50.6% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 18.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| HPWR.N0000 Resus Energy | LK₨23.60 | 15.1% +LK₨267.2m | 85.8% | PE5.4x | |
| WIND.N0000 WindForce | LK₨19.60 | 0.5% +LK₨135.1m | 18.1% | PE20.7x | |
| HPFL.N0000 Lotus Hydro Power | LK₨10.20 | 3.0% +LK₨32.7m | 37.8% | PE14.6x |