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New Zealand (NZX) Market Analysis & Valuation

UpdatedJun 02, 2023
DataAggregated Company Financials
Companies122
  • 7D-0.1%
  • 3M-0.2%
  • 1Y-0.2%
  • YTD2.1%

The market has stayed flat over the 7 days. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 15% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the New Zealand Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jun 2023NZ$163.5bNZ$108.4bNZ$6.3b16.3x26.1x1.5x
Sun, 30 Apr 2023NZ$164.1bNZ$107.3bNZ$7.6b15.2x21.6x1.5x
Tue, 28 Mar 2023NZ$159.1bNZ$107.3bNZ$7.5b15.5x21.2x1.5x
Thu, 23 Feb 2023NZ$161.6bNZ$103.2bNZ$6.7b16.1x24.1x1.6x
Sat, 21 Jan 2023NZ$164.1bNZ$100.3bNZ$6.6b16.2x24.8x1.6x
Mon, 19 Dec 2022NZ$159.7bNZ$99.9bNZ$6.6b16.2x24.2x1.6x
Wed, 16 Nov 2022NZ$155.6bNZ$100.1bNZ$7.9b16x19.8x1.6x
Fri, 14 Oct 2022NZ$151.2bNZ$99.7bNZ$7.9b17.3x19.3x1.5x
Sun, 11 Sep 2022NZ$164.3bNZ$98.1bNZ$7.7b17.9x21.3x1.7x
Tue, 09 Aug 2022NZ$165.7bNZ$96.4bNZ$8.3b19x19.9x1.7x
Thu, 07 Jul 2022NZ$158.3bNZ$96.4bNZ$8.4b17.8x19x1.6x
Sat, 04 Jun 2022NZ$164.1bNZ$100.6bNZ$8.6b18.3x19.1x1.6x
Mon, 02 May 2022NZ$168.6bNZ$100.5bNZ$8.7b17.3x19.3x1.7x
Wed, 30 Mar 2022NZ$169.8bNZ$100.3bNZ$8.8b18.1x19.4x1.7x
Fri, 25 Feb 2022NZ$173.6bNZ$99.2bNZ$9.3b18.8x18.7x1.8x
Sun, 23 Jan 2022NZ$176.0bNZ$98.3bNZ$9.0b18.8x19.6x1.8x
Tue, 21 Dec 2021NZ$181.2bNZ$98.2bNZ$9.0b16.3x20.2x1.8x
Thu, 18 Nov 2021NZ$181.7bNZ$97.8bNZ$8.8b21x20.7x1.9x
Sat, 16 Oct 2021NZ$182.9bNZ$96.2bNZ$8.0b22.5x22.9x1.9x
Mon, 13 Sep 2021NZ$185.4bNZ$95.3bNZ$8.0b23.3x23.2x1.9x
Wed, 11 Aug 2021NZ$180.7bNZ$95.4bNZ$8.0b21.1x22.7x1.9x
Sun, 06 Jun 2021NZ$176.1bNZ$94.0bNZ$6.6b22x26.6x1.9x
Wed, 10 Mar 2021NZ$177.5bNZ$92.1bNZ$4.8b22.5x37x1.9x
Tue, 01 Dec 2020NZ$182.0bNZ$93.0bNZ$4.1b22.7x44.3x2x
Fri, 04 Sep 2020NZ$168.2bNZ$94.1bNZ$4.1b21.7x40.8x1.8x
Mon, 08 Jun 2020NZ$153.1bNZ$94.3bNZ$4.2b19.8x36.5x1.6x
Price to Earnings Ratio

36.5x


Total Market Cap: NZ$153.1bTotal Earnings: NZ$4.2bTotal Revenue: NZ$94.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 26.6x202120222023
Current Market PE
  • Investors are relatively neutral on the New Zealander market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 26.6x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the New Zealand Market?

NZ Market-0.13%
Financials1.14%
Utilities1.10%
Telecom0.37%
Industrials0.22%
Consumer Discretionary0.053%
Tech0.0025%
Real Estate-0.051%
Consumer Staples-0.69%
Energy-0.99%
Materials-1.41%
Healthcare-2.42%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 3.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings growth of 0.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 1.0% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 4.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MEL Meridian EnergyNZ$5.584.2%
+NZ$581.2m		16.5%PE28.4xUtilities
MCY Mercury NZNZ$6.655.6%
+NZ$485.4m		15.9%PE33.9xUtilities
RYM Ryman HealthcareNZ$6.253.6%
+NZ$150.7m		-32.4%PE16.6xHealthcare
CNU ChorusNZ$8.513.3%
+NZ$112.1m		16.5%PE120xTelecom
AIA Auckland International AirportNZ$8.790.6%
+NZ$73.6m		13.6%PE147.7xIndustrials
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SPY

NZ$1.82

Smartpay Holdings

7D

17.4%

1Y

149.3%

RYM

NZ$6.25

Ryman Healthcare

7D

3.6%

1Y

-32.4%

ARV

NZ$1.22

Arvida Group

7D

8.0%

1Y

-24.2%

Arvida Group (NZSE:ARV) Will Pay A Dividend Of NZ$0.0235

Jun 01
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SPK

NZ$5.20

Spark New Zealand

7D

-0.6%

1Y

8.1%

Does This Valuation Of Spark New Zealand Limited (NZSE:SPK) Imply Investors Are Overpaying?

May 31
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KPG

NZ$0.90

Kiwi Property Group

7D

-2.2%

1Y

-13.5%

MFT

NZ$67.55

Mainfreight

7D

-0.7%

1Y

-17.2%

Mainfreight (NZSE:MFT) Has Announced A Dividend Of NZ$1.02

May 28
Mainfreight (NZSE:MFT) Has Announced A Dividend Of NZ$1.02

CNU

NZ$8.51

Chorus

7D

3.3%

1Y

16.5%

IFT

NZ$9.99

Infratil

7D

-0.1%

1Y

25.0%

MCY

NZ$6.65

Mercury NZ

7D

5.6%

1Y

15.9%

Here's Why Mercury NZ (NZSE:MCY) Can Manage Its Debt Responsibly

May 22
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MEL

NZ$5.58

Meridian Energy

7D

4.2%

1Y

16.5%

Here's Why We Think Meridian Energy (NZSE:MEL) Is Well Worth Watching

May 19
Here's Why We Think Meridian Energy (NZSE:MEL) Is Well Worth Watching

GMT

NZ$2.14

Goodman Property Trust

7D

-1.6%

1Y

2.6%

THL

NZ$3.70

Tourism Holdings

7D

-4.6%

1Y

33.6%

AIA

NZ$8.79

Auckland International Airport

7D

0.6%

1Y

13.6%

Auckland International Airport (NZSE:AIA) Will Be Hoping To Turn Its Returns On Capital Around

May 10
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EBO

NZ$41.46

EBOS Group

7D

-2.4%

1Y

2.7%

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May 02
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POT

NZ$6.24

Port of Tauranga

7D

-1.6%

1Y

-1.3%

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FBU

NZ$4.95

Fletcher Building

7D

-3.3%

1Y

-10.6%