SAMP
Sampath BankLAST · LKR
52W RANGE
Source: CSE, First Asia Securities Research. Data as of 20 Jun 2026, EOD.
- Market cap
- 169bn
- P/E (ttm)
- 5.5×
- EPS (ttm)
- 25.98
- Dividend yield
- 7.2%
- Return on equity
- 16.9%
- Beta
- 0.47
- Free float
- 24%
- 52W high
- 174.14
- 52W low
- 141.30
- 1D change
- +1.32%
- YTD return
- −8.7%
Sampath Bank is a constituent of the Colombo Stock Exchange. Preview data — live CSE feed pending.
FAS DESK · FIRST ASIA SECURITIES RESEARCH · 23 JUN 2026 · EOD
Value and a 7% yield in a healing system
- 01
Buy, LKR 175 target: SAMP offers a 17% ROE and a 7.2% dividend yield — the best in the banks — at 5.5×.
- 02
A retail and SME franchise geared to the credit-growth recovery as policy rates fall.
- 03
The 7.2% yield pays you generously while the multiple re-rates.
- 04
At ~6.2× FY26E our LKR 175 target plus the yield clears a 25%+ total return.
| Metric | FY25A | FY26E | FY27E |
|---|---|---|---|
| Net profitLKR bn | 31.0 | 33.0 | 36.0 |
| EPSLKR | 26.1 | 28.2 | 31.0 |
| DPSLKR | 10.3 | 11.1 | 12.0 |
| P/E× | 5.5× | 5.1× | 4.6× |
| EPS growth% | — | +8.0% | +10.0% |
A = REPORTED · E = FAS ESTIMATE
NIM compresses; payout trimmed.
4.4× stressed EPS
Credit growth revives; yield carries the return.
6.2× FY26E
Full re-rate plus a maintained payout.
7.0× FY27E
Is the 7.2% yield safe?
A high payout in a recovering sector is fragile.
Coverage is adequate and improving as earnings recover; a genuine support.
A payout cut or a capital strain.
Quality versus the bigger banks?
Smaller franchise, more risk.
A 17% ROE and 7% yield more than compensate; the discount is too wide.
Asset quality deteriorating versus peers.
NIM as rates fall?
Spreads compress.
Volume growth and lower provisions cushion it; the yield pays you to wait.
Sharp NIM compression with no offset.
| Assumption | Value | Basis |
|---|---|---|
| FY26E EPS | LKR 28.1 | FY25 base +8% |
| Target multiple | ~6.2× FY26E | re-rate from 5.5× |
| Total return | ~29% | ~22% price + 7.2% yield |
| 12-month target | LKR 175 | ≈6.2 × 28.1, rounded |
- 01NIM compressionWATCH · Policy rate, quarterly NIM
- 02Asset qualityWATCH · Infection ratio
- 03Payout sustainabilityWATCH · Coverage, CAR
- 04Sovereign exposureWATCH · T-bond holdings
— GENERATED BY FIRST ASIA SECURITIES · NOT INVESTMENT ADVICE
| Symbol | Last | Chg % | P/E | M. Cap | 1Y |
|---|---|---|---|---|---|
| COMBCommercial Bank of Ceylon | 209.00 | +1.01% | 5.5× | 344bn | |
| HNBHatton National Bank | 402.12 | +0.66% | 4.9× | 224bn | |
| SAMPSampath Bank— THIS PAGE | 143.67 | +1.32% | 5.5× | 169bn |
Source: CSE, First Asia Securities Research. Data as of 20 Jun 2026, EOD.