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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies16
  • 7D3.5%
  • 3M-5.6%
  • 1Y21.7%
  • YTD-2.7%

The Consumer Staples industry is up 3.5% in the last week, with a2 Milk up 8.4%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026NZ$20.5bNZ$35.4bNZ$1.4b9.6x15x0.6x
Sun, 24 May 2026NZ$19.0bNZ$35.4bNZ$1.4b9.9x14x0.5x
Tue, 21 Apr 2026NZ$21.1bNZ$35.4bNZ$1.4b10x15.7x0.6x
Thu, 19 Mar 2026NZ$22.1bNZ$34.3bNZ$1.4b9.4x15.8x0.6x
Sat, 14 Feb 2026NZ$20.6bNZ$33.7bNZ$1.3b10.2x15.7x0.6x
Mon, 12 Jan 2026NZ$21.1bNZ$33.7bNZ$1.3b9.8x16x0.6x
Wed, 10 Dec 2025NZ$20.5bNZ$33.7bNZ$1.3b9.4x15.6x0.6x
Fri, 07 Nov 2025NZ$21.0bNZ$33.8bNZ$1.3b9.2x16.3x0.6x
Sun, 05 Oct 2025NZ$20.3bNZ$33.8bNZ$1.3b9.2x15.8x0.6x
Tue, 02 Sep 2025NZ$20.5bNZ$33.9bNZ$1.4b8.7x14.2x0.6x
Thu, 31 Jul 2025NZ$17.1bNZ$33.6bNZ$1.3b11.7x12.8x0.5x
Sat, 28 Jun 2025NZ$16.7bNZ$33.5bNZ$1.3b11.3x12.7x0.5x
Mon, 26 May 2025NZ$16.9bNZ$33.5bNZ$1.3b11.6x12.8x0.5x
Wed, 23 Apr 2025NZ$16.6bNZ$33.5bNZ$1.3b13.7x12.8x0.5x
Fri, 21 Mar 2025NZ$17.7bNZ$33.4bNZ$1.2b12.6x14.7x0.5x
Sun, 16 Feb 2025NZ$15.0bNZ$31.8bNZ$1.2b9.8x12.9x0.5x
Tue, 14 Jan 2025NZ$14.1bNZ$31.8bNZ$1.1b15.6x12.3x0.4x
Thu, 12 Dec 2024NZ$14.4bNZ$31.8bNZ$1.1b16.1x12.6x0.5x
Sat, 09 Nov 2024NZ$13.7bNZ$31.7bNZ$1.1b16.4x12x0.4x
Mon, 07 Oct 2024NZ$13.3bNZ$31.7bNZ$1.1b17.3x11.7x0.4x
Wed, 04 Sep 2024NZ$12.9bNZ$31.8bNZ$1.3b17.9x9.7x0.4x
Fri, 02 Aug 2024NZ$13.1bNZ$31.6bNZ$1.4b14.5x9.1x0.4x
Sun, 30 Jun 2024NZ$12.4bNZ$30.5bNZ$1.1b9.2x11.6x0.4x
Tue, 28 May 2024NZ$13.1bNZ$31.8bNZ$1.6b10.5x8.2x0.4x
Thu, 25 Apr 2024NZ$11.4bNZ$31.8bNZ$1.6b11.8x7.2x0.4x
Sat, 23 Mar 2024NZ$12.6bNZ$31.8bNZ$1.7b11.4x7.5x0.4x
Mon, 19 Feb 2024NZ$11.3bNZ$33.2bNZ$1.5b11.1x7.3x0.3x
Wed, 17 Jan 2024NZ$11.0bNZ$33.2bNZ$1.5b11.9x7.1x0.3x
Fri, 15 Dec 2023NZ$10.9bNZ$33.2bNZ$1.5b10.7x7x0.3x
Sun, 12 Nov 2023NZ$10.5bNZ$33.2bNZ$1.6b11.5x6.5x0.3x
Tue, 10 Oct 2023NZ$11.0bNZ$33.2bNZ$1.6b11.7x6.9x0.3x
Thu, 07 Sep 2023NZ$11.8bNZ$34.7bNZ$1.6b13x7.3x0.3x
Sat, 05 Aug 2023NZ$12.7bNZ$34.6bNZ$1.6b14x7.7x0.4x
Mon, 03 Jul 2023NZ$12.8bNZ$34.5bNZ$1.6b15.1x7.7x0.4x
Price to Earnings Ratio

7.7x


Total Market Cap: NZ$12.8bTotal Earnings: NZ$1.6bTotal Revenue: NZ$34.5bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Staples Sector Price to Earnings3Y Average 11.5x202420252026
Current Industry PE
  • Investors are optimistic on the New Zealander Consumer Staples industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 11.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 6.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Consumer Staples sector?

NZ Market0.52%
Consumer Staples3.49%
Food3.69%
Personal Products0%0
Food and Staples Retail-0.20%
Beverage-1.61%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings growth of 17.6%, which is lower than the prior year's growth of 70.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Personal Products industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ATM a2 MilkNZ$8.798.4%
+NZ$493.3m		4.5%PE30.8x
PGW PGG WrightsonNZ$2.204.8%
+NZ$7.5m		7.3%PE13.9x
TGG T&G GlobalNZ$2.462.1%
+NZ$6.1m		47.3%PE29.5x
CVT ComvitaNZ$0.725.1%
+NZ$4.5m		54.8%PS0.4x
SEK SeekaNZ$5.102.0%
+NZ$4.3m		28.1%PE6.8x

Latest News

ATM
NZ$8.79
a2 Milk
7D
8.4%
1Y
4.5%
SCL
NZ$6.22
Scales
7D
-2.5%
1Y
29.0%
Narrative Update • Jun 25

SCL: Stable Assumptions And Higher Multiple Will Support Future Repricing

Analysts have kept their NZ$6.95 price target for Scales unchanged, reflecting consistent assumptions around the discount rate, expected revenue growth, profit margin and future P/E, despite the latest review of their valuation model. What’s in the News for Scales No recent Scales specific news items were provided in the primary news source.
SML
NZ$0.41
Synlait Milk
7D
-2.4%
1Y
-33.1%
Narrative Update • Jun 24

SML: Firmer Margins And Recall Management Will Support Future Upside Potential

Analysts have adjusted their price target on Synlait Milk, reflecting slightly higher discount rate and profit margin assumptions alongside a lower future P/E. The new target in NZ$ terms has not been specified.
ALF
NZ$0.65
Allied Farmers
7D
0.8%
1Y
-12.2%
DGL
NZ$3.85
Delegat Group
7D
-4.2%
1Y
-4.9%
MFB
NZ$0.29
My Food Bag Group
7D
-1.7%
1Y
31.8%
GXH
NZ$1.96
Green Cross Health
7D
-1.5%
1Y
133.3%
FCG
NZ$4.33
Fonterra Co-operative Group
7D
-2.3%
1Y
37.3%
CVT
NZ$0.72
Comvita
7D
5.1%
1Y
54.8%
SAN
NZ$7.16
Sanford
7D
-1.5%
1Y
26.5%
TGG
NZ$2.46
T&G Global
7D
2.1%
1Y
47.3%
PGW
NZ$2.20
PGG Wrightson
7D
4.8%
1Y
7.3%
SEK
NZ$5.10
Seeka
7D
2.0%
1Y
28.1%