There's Reason For Concern Over Freightways Group Limited's (NZSE:FRW) Price
Apr 24
New Zealand (NZX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies117
- 7D0.02%
- 3M-2.1%
- 1Y-5.9%
- YTD-1.3%
In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 3.1%. As for last year, the market is down 4.2%. Earnings are forecast to grow by 18% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the New Zealand Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | NZ$154.9b | NZ$110.1b | NZ$5.8b | 17x | 26.6x | 1.4x |
| Mon, 25 Mar 2024 | NZ$156.8b | NZ$109.9b | NZ$5.9b | 16.7x | 26.6x | 1.4x |
| Wed, 21 Feb 2024 | NZ$155.3b | NZ$109.5b | NZ$6.5b | 14.8x | 23.7x | 1.4x |
| Fri, 19 Jan 2024 | NZ$156.6b | NZ$109.3b | NZ$6.6b | 15.4x | 23.5x | 1.4x |
| Sun, 17 Dec 2023 | NZ$154.7b | NZ$109.3b | NZ$6.6b | 15.7x | 23.3x | 1.4x |
| Tue, 14 Nov 2023 | NZ$149.1b | NZ$108.5b | NZ$5.7b | 16.4x | 26.1x | 1.4x |
| Thu, 12 Oct 2023 | NZ$152.2b | NZ$109.0b | NZ$5.8b | 16.2x | 26.1x | 1.4x |
| Sat, 09 Sep 2023 | NZ$154.1b | NZ$110.6b | NZ$5.9b | 16.7x | 26.1x | 1.4x |
| Mon, 07 Aug 2023 | NZ$164.0b | NZ$108.4b | NZ$6.6b | 16.5x | 24.8x | 1.5x |
| Wed, 05 Jul 2023 | NZ$164.3b | NZ$108.3b | NZ$6.6b | 16.5x | 24.8x | 1.5x |
| Fri, 02 Jun 2023 | NZ$161.9b | NZ$108.1b | NZ$6.2b | 16.3x | 26x | 1.5x |
| Sun, 30 Apr 2023 | NZ$164.1b | NZ$107.3b | NZ$7.6b | 15.2x | 21.6x | 1.5x |
| Tue, 28 Mar 2023 | NZ$159.1b | NZ$107.3b | NZ$7.5b | 15.5x | 21.2x | 1.5x |
| Thu, 23 Feb 2023 | NZ$161.6b | NZ$103.2b | NZ$6.7b | 16.1x | 24.1x | 1.6x |
| Sat, 21 Jan 2023 | NZ$164.1b | NZ$100.3b | NZ$6.6b | 16.2x | 24.8x | 1.6x |
| Mon, 19 Dec 2022 | NZ$159.7b | NZ$99.9b | NZ$6.6b | 16.2x | 24.2x | 1.6x |
| Wed, 16 Nov 2022 | NZ$155.6b | NZ$100.1b | NZ$7.9b | 16x | 19.8x | 1.6x |
| Fri, 14 Oct 2022 | NZ$151.2b | NZ$99.7b | NZ$7.9b | 17.3x | 19.3x | 1.5x |
| Sun, 11 Sep 2022 | NZ$164.3b | NZ$98.1b | NZ$7.7b | 17.9x | 21.3x | 1.7x |
| Tue, 09 Aug 2022 | NZ$165.7b | NZ$96.4b | NZ$8.3b | 19x | 19.9x | 1.7x |
| Thu, 07 Jul 2022 | NZ$158.3b | NZ$96.4b | NZ$8.4b | 17.8x | 19x | 1.6x |
| Sat, 04 Jun 2022 | NZ$164.1b | NZ$100.6b | NZ$8.6b | 18.3x | 19.1x | 1.6x |
| Mon, 02 May 2022 | NZ$168.6b | NZ$100.5b | NZ$8.7b | 17.3x | 19.3x | 1.7x |
| Wed, 30 Mar 2022 | NZ$169.8b | NZ$100.3b | NZ$8.8b | 18.1x | 19.4x | 1.7x |
| Fri, 25 Feb 2022 | NZ$173.6b | NZ$99.2b | NZ$9.3b | 18.8x | 18.7x | 1.8x |
| Sun, 23 Jan 2022 | NZ$176.0b | NZ$98.3b | NZ$9.0b | 18.8x | 19.6x | 1.8x |
| Tue, 21 Dec 2021 | NZ$181.2b | NZ$98.2b | NZ$9.0b | 16.3x | 20.2x | 1.8x |
| Thu, 18 Nov 2021 | NZ$181.7b | NZ$97.8b | NZ$8.8b | 21x | 20.7x | 1.9x |
| Sat, 16 Oct 2021 | NZ$182.9b | NZ$96.2b | NZ$8.0b | 22.5x | 22.9x | 1.9x |
| Mon, 13 Sep 2021 | NZ$185.4b | NZ$95.3b | NZ$8.0b | 23.3x | 23.2x | 1.9x |
| Wed, 11 Aug 2021 | NZ$180.7b | NZ$95.4b | NZ$8.0b | 21.1x | 22.7x | 1.9x |
| Sun, 06 Jun 2021 | NZ$176.1b | NZ$94.0b | NZ$6.6b | 22x | 26.6x | 1.9x |
Price to Earnings Ratio
27.7x
Current Market PE
- Investors are optimistic on the New Zealander market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 26.8x which is higher than its 3-year average PE of 22.7x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the New Zealand Market?
| NZ Market | 0.025% | |
| Energy | 2.83% | |
| Consumer Staples | 2.61% | |
| Financials | 0.95% | |
| Healthcare | 0.69% | |
| Telecom | -0.19% | |
| Consumer Discretionary | -0.27% | |
| Utilities | -0.35% | |
| Industrials | -0.38% | |
| Real Estate | -0.92% | |
| Materials | -1.89% | |
| Tech | -2.35% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 28.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 73.3% which is higher than its past year's earnings decline of 62.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 73% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 2.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FPH Fisher & Paykel Healthcare | NZ$27.40 | 3.0% +NZ$467.2m | -1.0% | PE61.1x | Healthcare | |
| ATM a2 Milk | NZ$6.50 | 4.7% +NZ$209.7m | 10.2% | PE28.1x | Consumer Staples | |
| POT Port of Tauranga | NZ$5.09 | 3.5% +NZ$115.6m | -19.3% | PE34.1x | Industrials | |
| MEL Meridian Energy | NZ$5.92 | 0.4% +NZ$64.7m | 8.3% | PE180.1x | Utilities | |
| FCG Fonterra Co-operative Group | NZ$2.38 | 1.7% +NZ$64.3m | -14.4% | PE2.7x | Consumer Staples |
