Financials Commercial Bank of Ceylon PLC

Equities

COMB.N0000

LK0053N00005

Banks

End-of-day quote Colombo S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
115 LKR -1.08% Intraday chart for Commercial Bank of Ceylon PLC +8.49% +22.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 96,818 84,349 94,193 61,591 1,24,327 1,52,217 -
Enterprise Value (EV) 1 96,818 84,349 94,193 61,591 1,24,327 1,52,217 1,52,217
P/E ratio 5.65 x 5.15 x 3.94 x 2.61 x 5.95 x 6.17 x 5.33 x
Yield 6.84% 5.56% 9.46% 8.96% - 4.01% -
Capitalization / Revenue 20,02,177 x 16,58,170 x 14,18,215 x - - - -
EV / Revenue 20,02,177 x 16,58,170 x 14,18,215 x - - - -
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.73 x 0.59 x 0.57 x 0.3 x 0.57 x 0.62 x -
Nbr of stocks (in thousands) 12,08,248 12,08,248 13,38,353 13,38,353 13,38,966 13,38,988 -
Reference price 2 80.90 70.50 70.82 46.54 93.74 115.0 115.0
Announcement Date 23/02/20 24/02/21 25/02/22 26/02/23 21/02/24 - -
1LKR in Million2LKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 48,356 50,869 66,416 - - - -
EBITDA - - - - - - -
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) 1 22,984 24,520 32,957 28,430 38,885 51,310 59,226
Net income 1 17,263 16,940 24,062 23,812 21,115 24,899 28,862
Net margin 35.7% 33.3% 36.23% - - - -
EPS 2 14.31 13.68 18.00 17.81 15.76 18.65 21.59
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 5.535 3.922 6.698 4.172 - 4.613 -
Announcement Date 23/02/20 24/02/21 25/02/22 26/02/23 21/02/24 - -
1LKR in Million2LKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13.5% 11.3% 14.7% 12.7% 9.84% 8.2% 11.4% 12%
ROA (Net income/ Total Assets) 1.27% 1.05% - - - - - -
Assets 1 13,59,312 16,13,329 - - - - - -
Book Value Per Share 2 110.0 119.0 125.0 156.0 165.0 187.0 - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 23/02/20 24/02/21 25/02/22 26/02/23 21/02/24 - - -
1LKR in Million2LKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
115 LKR
Average target price
102.1 LKR
Spread / Average Target
-11.23%
Consensus

Annual profits - Rate of surprise

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