New Zealand (NZX) Consumer Staples Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 15 Aug 2026	NZ$20.1b	NZ$35.5b	NZ$1.4b	9.9x	14.7x	0.6x
Mon, 13 Jul 2026	NZ$20.3b	NZ$35.4b	NZ$1.4b	9.7x	14.9x	0.6x
Wed, 10 Jun 2026	NZ$18.9b	NZ$35.4b	NZ$1.4b	9.8x	13.9x	0.5x
Fri, 08 May 2026	NZ$19.3b	NZ$35.4b	NZ$1.4b	10.2x	14.3x	0.5x
Sun, 05 Apr 2026	NZ$21.6b	NZ$35.4b	NZ$1.4b	9x	16x	0.6x
Tue, 03 Mar 2026	NZ$22.0b	NZ$34.2b	NZ$1.4b	9.5x	15.9x	0.6x
Thu, 29 Jan 2026	NZ$20.3b	NZ$33.7b	NZ$1.3b	10.1x	15.5x	0.6x
Sat, 27 Dec 2025	NZ$20.7b	NZ$33.7b	NZ$1.3b	9.5x	15.7x	0.6x
Mon, 24 Nov 2025	NZ$21.0b	NZ$33.8b	NZ$1.3b	9.6x	16x	0.6x
Wed, 22 Oct 2025	NZ$20.6b	NZ$33.8b	NZ$1.3b	9.2x	16x	0.6x
Fri, 19 Sep 2025	NZ$19.8b	NZ$33.9b	NZ$1.4b	9.1x	13.8x	0.6x
Sun, 17 Aug 2025	NZ$17.4b	NZ$33.7b	NZ$1.4b	13.8x	12.8x	0.5x
Tue, 15 Jul 2025	NZ$16.4b	NZ$33.5b	NZ$1.3b	11.5x	12.4x	0.5x
Thu, 12 Jun 2025	NZ$17.1b	NZ$33.5b	NZ$1.3b	11.1x	13x	0.5x
Sat, 10 May 2025	NZ$16.8b	NZ$33.5b	NZ$1.3b	13.4x	13x	0.5x
Mon, 07 Apr 2025	NZ$16.6b	NZ$33.5b	NZ$1.3b	13.5x	12.8x	0.5x
Wed, 05 Mar 2025	NZ$17.1b	NZ$31.9b	NZ$1.2b	13.2x	14.3x	0.5x
Fri, 31 Jan 2025	NZ$14.6b	NZ$31.8b	NZ$1.2b	9x	12.6x	0.5x
Sun, 29 Dec 2024	NZ$14.1b	NZ$31.8b	NZ$1.1b	15.1x	12.3x	0.4x
Tue, 26 Nov 2024	NZ$14.4b	NZ$31.8b	NZ$1.1b	15.2x	12.6x	0.5x
Thu, 24 Oct 2024	NZ$14.3b	NZ$31.7b	NZ$1.1b	17.1x	12.6x	0.5x
Sat, 21 Sep 2024	NZ$12.5b	NZ$31.8b	NZ$1.3b	17.3x	9.4x	0.4x
Mon, 19 Aug 2024	NZ$13.0b	NZ$31.7b	NZ$1.4b	13.3x	9.2x	0.4x
Wed, 17 Jul 2024	NZ$12.9b	NZ$31.6b	NZ$1.4b	9.7x	8.9x	0.4x
Fri, 14 Jun 2024	NZ$12.8b	NZ$30.5b	NZ$1.1b	10.7x	12x	0.4x
Sun, 12 May 2024	NZ$11.4b	NZ$31.8b	NZ$1.6b	10.9x	7.2x	0.4x
Tue, 09 Apr 2024	NZ$11.4b	NZ$31.8b	NZ$1.6b	11.7x	7.2x	0.4x
Thu, 07 Mar 2024	NZ$11.7b	NZ$33.0b	NZ$1.5b	11.7x	7.8x	0.4x
Sat, 03 Feb 2024	NZ$11.1b	NZ$33.2b	NZ$1.5b	11.9x	7.2x	0.3x
Mon, 01 Jan 2024	NZ$11.2b	NZ$33.2b	NZ$1.5b	11.6x	7.3x	0.3x
Wed, 29 Nov 2023	NZ$10.4b	NZ$33.2b	NZ$1.5b	11.4x	6.7x	0.3x
Fri, 27 Oct 2023	NZ$10.7b	NZ$33.2b	NZ$1.6b	11.9x	6.7x	0.3x
Sun, 24 Sep 2023	NZ$11.9b	NZ$33.5b	NZ$1.6b	12.6x	7.3x	0.4x
Tue, 22 Aug 2023	NZ$12.3b	NZ$34.6b	NZ$1.7b	16.6x	7.4x	0.4x

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 14.8x which is higher than its 3-year average PE of 11.8x.

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 5.9% 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 Market	0.23%
Consumer Staples	0.77%
Beverage	1.69%
Food	0.79%
Food and Staples Retail	-0.85%
Personal Products	-1.96%

Industry PE

Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 11.1x.

Analysts are expecting annual earnings growth of 15.5%, which is lower than the prior year's growth of 48.6% per year.

Forecasted Growth

Analysts are most optimistic on the Food industry, expecting annual earnings growth of 16% over the next 5 years.
However this is lower than its past earnings growth rate of 49% per year.

In contrast, the Beverage industry is expected to see its earnings grow by 8.2% 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
FCG Fonterra Co-operative Group	NZ$4.32	1.6% +NZ$168.4m	30.4%	PE9.9x
TGG T&G Global	NZ$2.34	3.5% +NZ$9.8m	1.3%	PE21.9x
DGL Delegat Group	NZ$4.29	1.7% +NZ$7.1m	12.9%	PE7.3x
SEK Seeka	NZ$5.02	2.9% +NZ$6.0m	26.1%	PE6.7x
SCL Scales	NZ$6.81	0.4% +NZ$4.4m	45.2%	PE9.8x

New major risk - Revenue and earnings growth

Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NZ$71.6m market cap, or US$41.5m).

New Zealand (NZX) Consumer Staples Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

High number of new directors

Final dividend of NZ$0.065 announced

ATM: Higher Guidance And Special Dividend Will Support Recall And Research Risks

First half 2026 earnings released: NZ$0.028 loss per share (vs NZ$0.052 loss in 1H 2025)

Scales Corporation Limited to Report First Half, 2026 Results on Aug 26, 2026

Fonterra Co-Operative Group Limited Announces Stepping Down of Brent Goldsack from the Board

Livestock Improvement Corporation Limited, Annual General Meeting, Sep 23, 2026

Delegat Group Limited to Report Fiscal Year 2026 Results on Aug 28, 2026

New major risk - Revenue and earnings growth

Seeka Limited to Report First Half, 2026 Results on Aug 20, 2026

NZK: Higher FY26 Harvest Guidance Will Support Future Upside

Investor sentiment improves as stock rises 37%

First half dividend of NZ$0.059 announced