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New Zealand (NZX) Market Analysis & Valuation

UpdatedMay 24, 2022
DataAggregated Company Financials
Companies119
  • 7D1.3%
  • 3M-8.9%
  • 1Y-12.2%
  • YTD-15.2%

The market has climbed 1.3% in the last 7 days, lead by the Utilities sector with a gain of 2.7%. Over the past year the market is down 12%. Looking forward, earnings are forecast to grow by 6.0% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 25 May 2022NZ$162.1bNZ$99.6bNZ$8.7b17.1x
Fri, 22 Apr 2022NZ$169.6bNZ$100.5bNZ$8.7b18.1x
Sun, 20 Mar 2022NZ$172.7bNZ$100.2bNZ$8.8b16x
Tue, 15 Feb 2022NZ$171.5bNZ$98.2bNZ$8.9b18x
Thu, 13 Jan 2022NZ$182.1bNZ$98.2bNZ$9.0b16.3x
Sat, 11 Dec 2021NZ$179.9bNZ$98.1bNZ$9.0b19.3x
Mon, 08 Nov 2021NZ$183.7bNZ$96.7bNZ$8.1b21x
Wed, 06 Oct 2021NZ$185.3bNZ$96.0bNZ$8.0b22.7x
Fri, 03 Sep 2021NZ$187.1bNZ$95.4bNZ$8.0b22.3x
Sun, 01 Aug 2021NZ$178.2bNZ$95.4bNZ$8.0b21.1x
Wed, 05 May 2021NZ$182.9bNZ$94.0bNZ$6.6b22x
Sat, 06 Feb 2021NZ$189.4bNZ$92.1bNZ$4.8b21.7x
Tue, 10 Nov 2020NZ$171.8bNZ$92.9bNZ$4.1b21.6x
Mon, 03 Aug 2020NZ$164.1bNZ$94.0bNZ$4.1b20.4x
Thu, 07 May 2020NZ$147.2bNZ$94.3bNZ$4.2b19x
Sun, 09 Feb 2020NZ$165.4bNZ$95.2bNZ$5.8b21.2x
Sat, 02 Nov 2019NZ$154.6bNZ$94.7bNZ$6.1b20.5x
Tue, 06 Aug 2019NZ$154.4bNZ$93.4bNZ$5.8b18.6x
Median PE Ratio

18.6x


Total Market Cap: NZ$144.5bTotal Earnings: NZ$5.7bTotal Revenue: NZ$92.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Median PE3Y Average 20.3x202020212022
Current Market PE
  • Investors are relatively neutral on the 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 20.3x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market1.32%
Utilities2.67%
Healthcare2.21%
Real Estate1.95%
Materials1.65%
Industrials1.37%
Consumer Staples0.71%
Energy-0.069%
Financials-1.20%
Telecom-1.48%
Consumer Discretionary-1.57%
Tech-2.23%
Sector PE
  • Investors are most optimistic about the Industrials sector, which is trading close to its 3-year average PE ratio of 26.3x.
  • Analysts are expecting annual earnings growth of 17%, which is lower than the prior year's growth of 33% per year.
  • This could indicate that the market believes that analysts are underestimating future growth.
  • Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings growth rate of 7.1% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 17% 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
RYM Ryman HealthcareNZ$9.886.8%
+NZ$312.5m
-26.8%PS7.1xHealthcare
PPH Pushpay HoldingsNZ$1.4012.9%
+NZ$182.5m
-19.5%PS30.9xTech
ATM a2 MilkNZ$4.835.2%
+NZ$178.5m
-13.8%PS177.5xConsumer Staples
MFT MainfreightNZ$75.812.3%
+NZ$172.2m
3.5%PS31xIndustrials
IFT InfratilNZ$8.102.5%
+NZ$144.8m
6.2%PS134.8xUtilities
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Latest News

ATM

NZ$4.83

a2 Milk

7D

5.2%

1Y

-13.8%

CNU

NZ$7.16

Chorus

7D

-3.2%

1Y

10.7%