EquityLK

Lee Hedges PLC

SHAW.N0000Moderately undervalued

Property & Construction · Real Estate Development

Lee Hedges PLC is a property development and investment company in Sri Lanka that develops, owns and manages real estate assets aimed at generating long-term value.

SHAW shares are up 54.2% over the past year and last closed at Rs 285.25 on Sep 30, 2026.

Rs 285.25
-4.20%
Price history
+54.19%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+0.0+22.3-24.5+13.1+31.8+2.0-8.2+2.1-4.9+0.0+0.0+0.0
2025-3.8+24.0-4.5-2.4+16.3+17.6+19.1+15.0-3.6+25.1-10.6+10.1
2024+4.9-2.9+12.0+7.2-7.2+10.2-1.2-19.0-4.9+2.5+7.0+22.8
2023-9.1+1.4-3.7-2.6-4.6+8.8+1.1+1.8+1.0-12.2+14.6-12.7
2022-4.3-7.1+15.5+0.0+0.0-22.2+7.0-3.9+11.7+0.0+0.0+10.0
2021-3.6-3.6-13.0-7.5+2.8+14.9+5.4-11.8+0.0+6.1+5.9+21.5
2020+0.0-7.5+0.0+0.0+0.0+39.8-4.8+0.0+0.0-1.3+0.1+4.3
2019+0.0-13.7-3.4+0.0-5.6-1.7+0.0+0.0-11.0+3.0+9.3+0.0
2018+0.0-5.6+2.3-7.0-1.9+0.5-9.0-0.1-7.0+13.7+0.0+0.0
2017-3.9-12.4+7.8+8.6-3.2+5.5-2.0+0.0+17.3+2.8-6.1+2.4
2016+0.0+0.0+7.0+3.0+2.2-4.5+9.7-8.9-6.2+8.0-6.2+0.0
2015+2.2+3.0-15.6+9.7-5.5+0.0+15.7-7.3-11.9+3.1-1.1+5.0
2014-2.4+8.6-6.1+5.1+6.6-6.2+12.8+28.7+0.2+4.4+7.3+2.3
2013-9.1-1.7-0.3-4.1+5.5-3.0+0.4+3.5+8.0-0.7-7.1+3.7
2012+0.0+0.0+0.0-2.4-17.5+21.1+2.6+40.3+4.3-6.8-6.8+5.4
Average-2.7+0.4-2.0+1.6+1.5+5.5+3.5+3.1-0.5+3.7+0.5+6.2
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-3.6-2.9-3.4+0.0-1.9+2.0+1.9+0.0-1.8+3.0-0.5+4.6
% up18%38%38%46%46%60%64%46%43%69%50%83%
P/E
10.5
P/B
0.95
EPS
Rs 27.26
Div Yield
0.70%
Market Cap
Rs 7.3B
Beta
0.98
ROE
10.3%
Op Margin
1,276.6% (+1,228.2pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 259.5M
+26.9%
Rs 204.5M
+4.7%
Rs 195.4M
+14.6%
Rs 170.5M
+9.0%
Rs 156.4M
-8.0%
Rs 170.0M
+0.7%
Rs 168.8M
+99.7%
Rs 84.5M
+774.4%
Operating profit
Rs 723.3M
+90.8%
Rs 379.1M
+547.5%
Rs 58.6M
-87.0%
Rs 449.3M
+99.1%
Rs 225.6M
+160.0%
Rs 86.8M
-38.6%
Rs 141.3M
-29.8%
Rs 201.2M
-55.0%
Net profit
Rs 697.8M
+74.9%
Rs 398.9M
+50.9%
Rs 264.3M
-38.8%
Rs 431.7M
+49.5%
Rs 288.8M
+59.2%
Rs 181.5M
-23.5%
Rs 237.1M
+3.6%
Rs 228.8M
-59.2%
EPS
27.26
+75.0%
15.58
+51.0%
10.32
-38.8%
16.86
+49.5%
11.28
+59.1%
7.09
-23.4%
9.26
+3.6%
8.94
-59.2%

Compared with the same period a year earlier.

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

Recent dividends

  • 2026 · first and finalRs 2.00
  • 2025 · first and finalRs 1.50
  • 2024 · finalRs 1.50
  • 2024Rs 1.50
  • 2023 · finalRs 1.00
  • 2022 · finalRs 1.00
  • 2022Rs 1.00
  • 2021 · finalRs 1.00
Peer comparison6 peers in Property & Construction
Sector overview Open in screener
1Overseas Realty (Ceylon) Plc
OSEA.N0000
Rs 51.70
P/E
7.6
P/B
0.95
ROE
12.47%
Yield
3.38%
2RIL Property Plc
RIL.N0000
Rs 22.10
P/E
3.4
P/B
0.69
ROE
20.17%
Yield
4.52%
3Lanka Realty Investments PLC
ASCO.N0000 · same group, not in the median
Rs 51.00
P/E
9.6
P/B
0.99
ROE
7.58%
Yield
0.00%
4East West Properties PLC
EAST.N0000
Rs 70.10
P/E
15.8
P/B
2.85
ROE
7.25%
Yield
0.00%
5Colombo Land & Development Co. Plc
CLND.N0000
Rs 47.50
P/E
51.1
P/B
1.09
ROE
2.15%
Yield
0.00%
6Lee Hedges PLC
SHAW.N0000 · this company
Rs 285.25
P/E
10.5
P/B
0.95
ROE
10.26%
Yield
0.70%
7On'ally Holdings PLC
ONAL.N0000
Rs 43.40
P/E
3.2
P/B
0.85
ROE
26.23%
Yield
5.53%
Peer median · 5 companies
P/E 7.6P/B 0.95Yield 3.38%

About Lee Hedges PLC

Lee Hedges PLC is a property development and investment company in Sri Lanka that develops, owns and manages real estate assets aimed at generating long-term value. The company focuses on delivering high-quality residential developments, commercial properties, mixed urban projects and strategic land investments. In addition to development, Lee Hedges operates leasing and property management activities, providing office and commercial rental space and deriving income from investment properties and financial assets. The group emphasises design, construction, asset management and adherence to environmental, social and governance principles. Lee Hedges is a publicly listed company on the Colombo Stock Exchange and pursues capital reallocation and asset divestment strategies to optimise its portfolio while actively managing market, regulatory, liquidity and environmental risks across its Sri Lanka operations.

Interest Rates

AI analysis

bullish

Evidence points bullish: June profit rose 1,726.8% year-on-year and the company is moderately undervalued. The catch is 55.8% of trailing EPS came from that one quarter.

Read the full report (Sep 22, 2026) →

News sentiment

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

2 articles in 30 days: 0 positive, 0 negative, 2 neutral.

24 months positive negative 3-month net
Sep 25: 1 articles, net -1.00Jan 26: 10 articles, net +0.40Jun 26: 4 articles, net +0.27Aug 26: 1 articles, net +1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Aug 20, 2026·Market commentary
CSE down 0.29% as Mideast weighs on sentiment

Colombo's ASPI fell 0.29% (62.5 pts) to 21,416.57 as Middle East tensions and rising oil prices dampened sentiment; turnover topped Rs.1.5bn with food, beverage & tobacco accounting for 30% and banks/capital goods contributing heavily. Several counters including SAMP, BREW, CFIN, BUKI, DIAL and SUN were cited.

Fuel & Energy Prices
Daily FT·Jul 31, 2026·Market commentaryNegative
CSE ends two-session recovery, down 0.4%

Colombo bourse ended lower: ASPI fell 0.38% to 21,148.71 and S&P SL20 dropped 0.26% to 5,946.03. Market turnover was nearly Rs.1.1bn, foreign investors were net sellers of Rs.710,860, with SPEN, CINS, COMB, ACL and RICH among the decliners.

Daily FT·Jul 23, 2026·M&A / stake changePositive
LRI unlocks Rs. 2.26 b through strategic transfer of Unity Plaza investment to Lee Hedges PLC

Lanka Realty Investments PLC (ASCO.N0000) sold its 50.88% controlling stake in On'ally Holdings PLC (ONAL.N0000) to Lee Hedges PLC (SHAW.N0000) for about Rs.2.26 billion, unlocking capital and an estimated separate-company gain of ≈Rs.834.09m before costs. Lee Hedges gains Unity Plaza, boosting recurring rental income and scale.

Construction Activity
EconomyNext·Jul 16, 2026·Market commentary
Sri Lanka stocks up on Thursday morning, banks lead turnover

Colombo Stock Exchange traded higher Thursday morning, with the ASPI up 29.70 points (0.14%) to 21,447.50 and market turnover of LKR 229 million, led by banks (LKR 74.9 million). Lanka Realty Investments received LKR 1.05 billion from Lee Hedges for the final balance on its 51% stake sale, and Asia Asset Finance announced a LKR 0.70 fixed non‑cumulative preference dividend per share.

Property & Construction sector: what is happening

Last 14 days to Sep 30, 2026

Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.

The stories behind it

Auto-generated from 12 sector news articles over 14 days. Not investment advice.