Narrative Update • Jul 23
Have your own idea? Try our Stock Screener
New Zealand (NZX) Consumer Discretionary Sector Analysis
UpdatedJul 30, 2026
DataAggregated Company Financials
Companies12
- 7D-2.1%
- 3M-0.7%
- 1Y-17.2%
- YTD-17.0%
Over the last 7 days, the Consumer Discretionary industry has risen 1.2%, driven by gains in Hallenstein Glasson Holdings and Turners Automotive Group of 2.5% and 1.9%, respectively. In the same time, Briscoe Group was down 6.8%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.
Sector Valuation and Performance
Has the New Zealand Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Jul 2026 | NZ$4.2b | NZ$8.2b | NZ$162.3m | 13.6x | 25.8x | 0.5x |
| Sat, 27 Jun 2026 | NZ$4.1b | NZ$8.2b | NZ$162.3m | 13x | 25.4x | 0.5x |
| Mon, 25 May 2026 | NZ$4.0b | NZ$8.2b | NZ$158.8m | 14.7x | 25.3x | 0.5x |
| Wed, 22 Apr 2026 | NZ$4.2b | NZ$8.1b | NZ$161.7m | 14.7x | 26.1x | 0.5x |
| Fri, 20 Mar 2026 | NZ$4.4b | NZ$8.1b | NZ$143.3m | 14.5x | 30.8x | 0.5x |
| Sun, 15 Feb 2026 | NZ$4.6b | NZ$8.0b | NZ$130.2m | 15x | 35.3x | 0.6x |
| Tue, 13 Jan 2026 | NZ$4.8b | NZ$8.0b | NZ$130.2m | 15.2x | 37x | 0.6x |
| Thu, 11 Dec 2025 | NZ$4.5b | NZ$8.0b | NZ$130.2m | 14.5x | 34.6x | 0.6x |
| Sat, 08 Nov 2025 | NZ$5.2b | NZ$9.5b | NZ$153.8m | 16.7x | 33.9x | 0.5x |
| Mon, 06 Oct 2025 | NZ$5.0b | NZ$9.5b | NZ$152.9m | 15.6x | 32.6x | 0.5x |
| Wed, 03 Sep 2025 | NZ$4.7b | NZ$9.4b | NZ$174.9m | 14.5x | 26.6x | 0.5x |
| Fri, 01 Aug 2025 | NZ$4.8b | NZ$9.4b | -NZ$68,099,221.00 | 15.5x | -71x | 0.5x |
| Sun, 29 Jun 2025 | NZ$4.6b | NZ$9.4b | -NZ$68,099,221.00 | 15.2x | -67x | 0.5x |
| Tue, 27 May 2025 | NZ$4.5b | NZ$9.4b | -NZ$71,332,326.00 | 15.8x | -62.8x | 0.5x |
| Thu, 24 Apr 2025 | NZ$4.4b | NZ$9.4b | -NZ$70,152,326.00 | 15.2x | -62.1x | 0.5x |
| Sat, 22 Mar 2025 | NZ$4.6b | NZ$9.4b | -NZ$39,038,326.00 | 16x | -117.2x | 0.5x |
| Mon, 17 Feb 2025 | NZ$5.0b | NZ$9.4b | NZ$1.3m | 14.8x | 3677.5x | 0.5x |
| Wed, 15 Jan 2025 | NZ$4.9b | NZ$9.4b | NZ$1.3m | 14.3x | 3609.7x | 0.5x |
| Fri, 13 Dec 2024 | NZ$4.9b | NZ$9.4b | NZ$1.3m | 15.4x | 3626.8x | 0.5x |
| Sun, 10 Nov 2024 | NZ$4.8b | NZ$9.4b | NZ$2.9m | 15.2x | 1655.3x | 0.5x |
| Tue, 08 Oct 2024 | NZ$4.9b | NZ$9.4b | NZ$2.9m | 14.5x | 1688.7x | 0.5x |
| Thu, 05 Sep 2024 | NZ$4.7b | NZ$9.7b | NZ$103.4m | 11.9x | 45.7x | 0.5x |
| Sat, 03 Aug 2024 | NZ$4.6b | NZ$9.6b | NZ$285.5m | 11.7x | 16.2x | 0.5x |
| Mon, 01 Jul 2024 | NZ$4.2b | NZ$9.6b | NZ$285.5m | 10.4x | 14.8x | 0.4x |
| Wed, 29 May 2024 | NZ$4.8b | NZ$9.6b | NZ$286.8m | 12.5x | 16.7x | 0.5x |
| Fri, 26 Apr 2024 | NZ$5.1b | NZ$9.6b | NZ$284.2m | 12.8x | 18.1x | 0.5x |
| Sun, 24 Mar 2024 | NZ$5.3b | NZ$9.6b | NZ$283.9m | 12.6x | 18.7x | 0.5x |
| Tue, 20 Feb 2024 | NZ$5.3b | NZ$9.7b | NZ$300.9m | 12.2x | 17.7x | 0.5x |
| Thu, 18 Jan 2024 | NZ$5.4b | NZ$9.7b | NZ$300.9m | 12.1x | 18.1x | 0.6x |
| Sat, 16 Dec 2023 | NZ$5.5b | NZ$9.8b | NZ$297.6m | 13.8x | 18.5x | 0.6x |
| Mon, 13 Nov 2023 | NZ$5.6b | NZ$9.7b | NZ$291.9m | 17.2x | 19.1x | 0.6x |
| Wed, 11 Oct 2023 | NZ$5.7b | NZ$9.7b | NZ$295.1m | 17x | 19.4x | 0.6x |
| Fri, 08 Sep 2023 | NZ$5.7b | NZ$9.7b | NZ$353.1m | 12.1x | 16.2x | 0.6x |
| Sun, 06 Aug 2023 | NZ$6.3b | NZ$9.6b | NZ$381.1m | 14x | 16.5x | 0.7x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are pessimistic on the New Zealander Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 26.1x which is lower than its 3-year average PE of 430x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 25% per year over the last three years,
- Revenues have also declined 5.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the New Zealand Consumer Discretionary sector?
| NZ Market | 1.05% | |
| Consumer Discretionary | -2.11% | |
| Consumer Services | 0% | 0 |
| Online Retail and Ecommerce | 0% | 0 |
| Specialty Stores | -1.57% | |
| General Merchandise and Department Stores | -1.64% | |
| Consumer Durables | -2.08% | |
| Hospitality | -3.47% | |
Industry PE
- Investors are most optimistic about the General Merchandise and Department Stores industry which is trading above its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 43.7% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Consumer Durables industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.2x.
Forecasted Growth
- Analysts are most optimistic on the General Merchandise and Department Stores industry, expecting annual earnings growth of 44% over the next 5 years.
- In contrast, the Specialty Stores industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| HLG Hallenstein Glasson Holdings | NZ$10.56 | 2.5% +NZ$15.5m | 24.2% | PE13.6x | |
| TRA Turners Automotive Group | NZ$8.25 | 1.9% +NZ$13.7m | 22.6% | PE19.7x | |
| KMD KMD Brands | NZ$1.78 | 5.0% +NZ$6.1m | -72.7% | PS0.1x | |
| SVR Savor | NZ$0.17 | 9.7% +NZ$1.2m | -19.0% | PE10.1x | |
| 2CC 2 Cheap Cars Group | NZ$0.79 | 0.6% +NZ$227.8k | 43.6% | PE11.3x |