Pegasus Hotels of Ceylon PLC

PEG.N0000Moderately overvalued

Hotels & Tourism · Hotels/Resorts/Cruise lines

Pegasus Hotels of Ceylon PLC is a Sri Lanka-based hospitality company that owns and operates the Pegasus Reef Hotel. The company’s operations centre on hotel accommodation, food and beverage services, and hospitality-related events and functions.

PEG shares are down 29.1% over the past year and last closed at Rs 17.50 on Sep 30, 2026.

Rs 17.50
-2.78%
Price history
-29.15%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-15.4-1.6-8.6+2.6-1.0-2.8+8.2-5.1-4.4+0.0+0.0+0.0
2025+0.0-7.6-1.7-2.3-3.6+4.6+5.9+8.9+23.7+2.9-9.8+12.2
2024-3.2+10.3-2.1+29.6-4.0-5.6+11.1-17.3+14.5+10.9+14.0+5.8
2023-8.0+5.0+9.2-13.7-5.1-11.7+21.4-4.6-4.1-10.2+2.6-6.8
2022+28.0-19.9-15.3+0.0+0.0-17.4-4.6+32.1-12.6-2.0+5.0+3.2
2021-0.3-8.8-5.2-24.6+34.8-1.0+8.5+3.1+5.5-5.2-4.5+23.5
2020-5.8-2.4-20.5+0.0+0.0-0.4-8.7+31.1+27.7-17.1+6.2+10.4
2019+3.9-6.3+8.5+9.1-11.3-2.6+4.4+2.5-4.9+7.3+5.2-1.1
2018+1.4-8.0+7.5-2.1+4.7-8.6+2.2-8.4-4.0-8.3+5.5-0.9
2017-11.2+3.0+3.2+6.6+0.0-11.8-1.3+5.7-5.1-4.0-2.5+2.2
2016-17.1+7.0-17.1+11.1+11.1-10.0+0.0+1.7+1.1-4.2-15.1+15.4
2015-4.4+8.2-8.9+4.9+4.7+1.3-11.8-4.0+1.3+1.0+2.5+5.7
2014+5.1-5.1+5.7-1.4-0.5+15.7+1.0-1.2+7.9-6.6+1.9+1.2
2013+4.0-6.0-5.6+8.4+3.0-6.6-4.4-6.2+5.2+1.9-7.0+2.0
2012+0.0+0.0+0.0-4.2-18.7+5.7+2.6+5.3+44.4-14.1-11.7+8.1
Average-1.6-2.3-3.6+1.8+1.1-3.4+2.3+2.9+6.4-3.4-0.6+5.8
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-1.7-3.8-3.7+2.6-0.5-2.8+2.2+1.7+1.3-4.1+2.2+4.4
% up36%36%36%54%38%27%60%53%60%36%57%79%
P/E
-
P/B
0.56
EPS
Rs -0.29
Div Yield
0.00%
Market Cap
Rs 1.5B
Beta
0.12
ROE
-1.2%
Op Margin
-11.5%

Fundamentals

LineFY2026FY2025
Revenue
Rs 985.9M
+1.8%
Rs 968.7M
Operating profit
Rs -18.0M
Rs -11.6M
Net profit
Rs -33.0M
loss narrowed
Rs -51.3M
EPS
-0.78
-1.22

Compared with the same period a year earlier.

Parent company only. Subsidiaries are not included.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2012Rs 0.50
Peer comparison7 peers in Hotels & Tourism
P/E
151.7
P/B
0.65
ROE
0.00%
Yield
1.10%
Rs 45.60
P/E
22.4
P/B
1.25
ROE
5.61%
Yield
2.19%
Rs 203.75
P/E
4.3
P/B
0.42
ROE
9.71%
Yield
0.74%
Rs 15.20
P/E
-
P/B
1.41
ROE
-9.86%
Yield
0.00%
SERV.N0000
Rs 13.70
P/E
18.5
P/B
2.43
ROE
13.10%
Yield
0.00%
Rs 750.50
P/E
4.0
P/B
0.39
ROE
14.59%
Yield
0.53%
Rs 28.10
P/E
-
P/B
-
ROE
-
Yield
0.00%
PEG.N0000 · this company
Rs 17.50
P/E
-
P/B
0.56
ROE
-1.24%
Yield
0.00%
Peer median · 7 companies
P/E 18.5P/B 0.95Yield 0.53%

About Pegasus Hotels of Ceylon PLC

Pegasus Hotels of Ceylon PLC is a Sri Lanka-based hospitality company that owns and operates the Pegasus Reef Hotel. The company’s operations centre on hotel accommodation, food and beverage services, and hospitality-related events and functions. Its commercial activities serve both leisure and corporate customers, including weddings, MICE (Meetings, Incentives, Conferences and Exhibitions), day outings and banquet functions, and target domestic and international tourists from key source markets. The company has focused resources on its core asset following the divestment of Equity Hotels Limited (Giritale Hotel) and is undertaking refurbishment initiatives to position the property as a city resort destination. The company operates within the Sri Lankan tourism context and has signalled strategic responses to sector challenges such as competition from unregistered homestays and a shortage of skilled hospitality workers.

AI analysis

neutral

Evidence points to a neutral assessment: Pegasus remains loss-making despite June being its weakest quarter for operating margin. The counterweight is a 0.33 times book valuation.

Read the full report (Sep 21, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

No scored news in the last 30 days.

24 months positive negative 3-month net
Sep 24Jan 25May 25Sep 25Jan 26May 26
Recent news
View all news →
EconomyNext·Aug 18, 2026·Market commentaryPositive
Sri Lanka stocks drop 0.20-pct in Tuesday morning trade

Colombo Stock Exchange indices were down in Tuesday morning trade: the ASPI fell 0.20% (43.75 pts) to 21,573.13 and the S&P SL20 fell 0.20% to 6,072.34, with market turnover at Rs.340.8 million. Hayleys said S&P assigned an international foreign currency rating of B+ (stable) and Pegasus Hotels called an EGM on Sept 11, 2026 to seek approval for a share sub-division.

CSE filing·Aug 17, 2026
Share split

Share split · 1:2 · XD Sep 21, 2026

Share sub-division (1:2); XD 2026-09-21; record 2026-09-15

CSE filing·Jul 21, 2026
Share split

Share split · 1:2 · XD Sep 21, 2026

Share sub-division (1:2)

Tourism
Daily FT·Feb 18, 2026·Management or board change
Chinthaka Jayaweera joins Ceylon Guardian Investment Trust, Ceylon Investment Boards

Chinthaka Jayaweera was appointed Independent Non-Executive Director of Ceylon Guardian Investment Trust (GUAR.N0000) and Ceylon Investment PLC (CINV.N0000). He previously led internal audit at A.P. Moller Maersk and has held independent directorships at Bukit Darah, Carson Cumberbatch, Equity Two and Pegasus Hotels.

Daily FT·Feb 16, 2026·Management or board change
Chinthaka Jayaweera joins Carson and related companies’ Boards

Chinthaka Jayaweera has joined the boards of Bukit Darah (BUKI.N0000), Carson Cumberbatch (CARS.N0000), Equity Two (ETWO.N0000) and Pegasus Hotels (PEG.N0000) as an Independent Non-Executive Director. He was VP and Chief Internal Audit Executive at A.P. Moller Maersk with 28 years' experience in governance, risk and finance.

Daily FT·Apr 2, 2025·M&A / stake change
Carson Group sells Equity Hotels for Rs. 243.5 m to Dedigama Group

Carson Cumberbatch PLC (via its subsidiary Pegasus Hotels of Ceylon PLC) sold its entire 2.173 million-share holding in Equity Hotels Ltd to Lavendish Leisure for Rs. 243.5 million. Following the sale, Equity Hotels will no longer be part of the Carson Cumberbatch/Bukit Darah group.

Tourism

Hotels & Tourism sector: what is happening

Last 14 days to Sep 30, 2026

Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.

Auto-generated from 6 sector news articles over 14 days. Not investment advice.