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New Zealand (NZX) Consumer Discretionary Sector Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies12
  • 7D0.7%
  • 3M10.5%
  • 1Y-4.4%
  • YTD-4.6%

Over the last 7 days, the Consumer Discretionary industry has remained flat, although notably KMD Brands gained 5.6%. As for the longer term, the industry has declined 4.4% in the last year. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the New Zealand Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025NZ$4.7bNZ$8.0bNZ$130.2m15.3x36.2x0.6x
Fri, 28 Nov 2025NZ$4.6bNZ$8.0bNZ$129.8m14.3x35.7x0.6x
Sun, 26 Oct 2025NZ$5.1bNZ$9.5bNZ$153.8m15.8x33x0.5x
Tue, 23 Sep 2025NZ$4.6bNZ$9.4bNZ$171.0m15.1x26.6x0.5x
Thu, 21 Aug 2025NZ$4.6bNZ$9.4b-NZ$49,702,221.0015x-93.3x0.5x
Sat, 19 Jul 2025NZ$4.8bNZ$9.4b-NZ$68,099,221.0015.2x-69.8x0.5x
Mon, 16 Jun 2025NZ$4.6bNZ$9.4b-NZ$68,099,221.0014.6x-68.2x0.5x
Wed, 14 May 2025NZ$4.5bNZ$9.4b-NZ$70,152,326.0015.8x-64.6x0.5x
Fri, 11 Apr 2025NZ$4.4bNZ$9.4b-NZ$70,152,326.0015.5x-62.8x0.5x
Sun, 09 Mar 2025NZ$4.7bNZ$9.4b-NZ$24,991,326.0015.9x-189.5x0.5x
Tue, 04 Feb 2025NZ$4.8bNZ$9.4bNZ$1.3m14.5x3584.7x0.5x
Thu, 02 Jan 2025NZ$5.0bNZ$9.4bNZ$1.3m14.8x3679.2x0.5x
Sat, 30 Nov 2024NZ$4.9bNZ$9.4bNZ$1.5m15.1x3257.4x0.5x
Mon, 28 Oct 2024NZ$4.8bNZ$9.4bNZ$2.9m14.8x1646.4x0.5x
Wed, 25 Sep 2024NZ$4.7bNZ$9.7bNZ$93.9m13.4x50.3x0.5x
Fri, 23 Aug 2024NZ$4.7bNZ$9.7bNZ$98.2m11.7x48x0.5x
Sun, 21 Jul 2024NZ$4.6bNZ$9.6bNZ$285.5m11.6x16x0.5x
Tue, 18 Jun 2024NZ$4.4bNZ$9.6bNZ$285.5m10.8x15.3x0.5x
Thu, 16 May 2024NZ$4.6bNZ$9.6bNZ$284.2m11.5x16.3x0.5x
Sat, 13 Apr 2024NZ$5.3bNZ$9.6bNZ$284.2m13.2x18.6x0.5x
Mon, 11 Mar 2024NZ$5.2bNZ$9.8bNZ$300.6m12.4x17.2x0.5x
Wed, 07 Feb 2024NZ$5.6bNZ$9.7bNZ$300.9m12.4x18.6x0.6x
Fri, 05 Jan 2024NZ$5.4bNZ$9.8bNZ$297.6m12.1x18.1x0.6x
Sun, 03 Dec 2023NZ$5.7bNZ$9.8bNZ$297.6m15.6x19x0.6x
Tue, 31 Oct 2023NZ$5.5bNZ$9.7bNZ$295.1m17.1x18.7x0.6x
Thu, 28 Sep 2023NZ$5.6bNZ$9.7bNZ$330.4m15.7x17x0.6x
Sat, 26 Aug 2023NZ$5.9bNZ$9.6bNZ$355.7m15.7x16.7x0.6x
Mon, 24 Jul 2023NZ$6.2bNZ$9.6bNZ$381.1m14.6x16.3x0.7x
Wed, 21 Jun 2023NZ$6.2bNZ$9.6bNZ$378.5m13.3x16.4x0.6x
Fri, 19 May 2023NZ$6.4bNZ$9.6bNZ$373.6m14.5x17.3x0.7x
Sun, 16 Apr 2023NZ$6.6bNZ$9.6bNZ$373.6m14.1x17.6x0.7x
Tue, 14 Mar 2023NZ$6.7bNZ$9.2bNZ$370.4m15.9x18.1x0.7x
Thu, 09 Feb 2023NZ$6.9bNZ$9.0bNZ$324.4m13.8x21.2x0.8x
Sat, 07 Jan 2023NZ$6.7bNZ$9.0bNZ$324.4m12.6x20.7x0.7x
Price to Earnings Ratio

20.7x


Total Market Cap: NZ$6.7bTotal Earnings: NZ$324.4mTotal Revenue: NZ$9.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Discretionary Sector Price to Earnings3Y Average 427.9x20242025
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 36.2x which is lower than its 3-year average PE of 428x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have declined 26% per year over the last three years,
  • Revenues have also declined 4.0% 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 Market0.18%
Consumer Discretionary0.69%
Specialty Stores0.89%
Hospitality0.77%
General Merchandise and Department Stores0.68%
Consumer Services0%0
Online Retail and Ecommerce0%0
Consumer Durables-11.18%
Industry PE
  • Investors are most optimistic about the Specialty Stores industry which is trading above its 3-year average PE ratio of 21.0x.
    • Analysts expect its future annual earnings growth (14.9%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the General Merchandise and Department Stores industry, expecting annual earnings growth of 40% over the next 5 years.
  • In contrast, the Specialty Stores industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
KMD KMD BrandsNZ$0.285.6%
+NZ$10.7m		-36.0%PS0.2x
BGP Briscoe GroupNZ$5.140.8%
+NZ$8.9m		2.2%PE20.2x
SKC SkyCity Entertainment GroupNZ$0.900.6%
+NZ$5.5m		-37.9%PE33.9x
HLG Hallenstein Glasson HoldingsNZ$9.840.6%
+NZ$3.6m		19.3%PE14.9x
CMO Colonial MotorNZ$8.600.6%
+NZ$1.6m		33.1%PE15.3x

Latest News

TRA
NZ$8.29
Turners Automotive Group
7D
-0.1%
1Y
50.7%

TRA: Dividends Will Continue To Strengthen While Overall Outlook Remains Balanced

Analysts have modestly raised their price target on Turners Automotive Group to approximately $7.76 per share, reflecting slightly lower discount rate assumptions while keeping long term growth, margin and valuation expectations broadly unchanged. What's in the News Announced a quarterly dividend of USD 0.08 per share for the quarter ended 30 September 2025, with a record date of 12 January 2026, ex date of 9 January 2026, and payment on 29 January 2026 (company announcement) Management indicated that on NZD 60 million NPBT, the full year dividend could be at least 32 cents per share, up from 29 cps last year and 20 cps five years ago, signaling a consistent upward dividend trajectory (company guidance) Directors declared a fully franked dividend of NZD 0.08235294 per share for the quarter ended 30 June 2025, with payment on 30 October 2025, record date 14 October 2025, and ex date 13 October 2025 (company announcement) Valuation Changes Fair Value: unchanged at approximately NZ$7.76 per share, indicating no revision to the intrinsic value estimate.
SKC
NZ$0.90
SkyCity Entertainment Group
7D
0.6%
1Y
-37.9%

SKC: Lower Risk Profile Will Support Stronger Earnings Multiple Ahead

Analysts have raised their price target on SkyCity Entertainment Group from $2.80 to $3.10, citing a lower perceived risk profile, modestly softer growth expectations, and a healthier profit margin outlook that together support a more reasonable future earnings multiple. What's in the News Chief Financial Officer Peter Fredricson has tendered his resignation, with his departure planned by 1 March 2026 to allow for an orderly transition (Key Developments) SkyCity Entertainment Group will conduct a comprehensive external search to appoint a new Chief Financial Officer, indicating potential changes in its financial leadership and strategy (Key Developments) Valuation Changes The fair value estimate has fallen significantly, from NZ$2.80 to NZ$1.50 per share, indicating a more conservative view of intrinsic value.
HLG
NZ$9.84
Hallenstein Glasson Holdings
7D
0.6%
1Y
19.3%
SVR
NZ$0.22
Savor
7D
7.3%
1Y
10.0%
WHS
NZ$0.72
Warehouse Group
7D
-2.0%
1Y
-30.3%
KMD
NZ$0.28
KMD Brands
7D
5.6%
1Y
-36.0%
2CC
NZ$0.57
2 Cheap Cars Group
7D
0.9%
1Y
-25.0%

2 Cheap Cars Group (NZSE:2CC) Is Paying Out Less In Dividends Than Last Year

Nov 18
2 Cheap Cars Group (NZSE:2CC) Is Paying Out Less In Dividends Than Last Year
CMO
NZ$8.60
Colonial Motor
7D
0.6%
1Y
33.1%
BRW
NZ$0.76
Bremworth
7D
-11.2%
1Y
93.6%
BGP
NZ$5.14
Briscoe Group
7D
0.8%
1Y
2.2%

Briscoe Group (NZSE:BGP) Is Paying Out Less In Dividends Than Last Year

Sep 12
Briscoe Group (NZSE:BGP) Is Paying Out Less In Dividends Than Last Year