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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.0%
  • 3M7.2%
  • 1Y24.2%
  • YTD4.8%

Over the last 7 days, the Consumer Staples industry has dropped 1.0%, driven by a pullback from a2 Milk of 2.4%. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026NZ$22.0bNZ$34.3bNZ$1.4b9.2x15.7x0.6x
Mon, 09 Feb 2026NZ$20.4bNZ$33.7bNZ$1.3b10.4x15.6x0.6x
Wed, 07 Jan 2026NZ$21.0bNZ$33.7bNZ$1.3b9.9x15.9x0.6x
Fri, 05 Dec 2025NZ$20.8bNZ$33.7bNZ$1.3b9.9x15.8x0.6x
Sun, 02 Nov 2025NZ$20.9bNZ$33.8bNZ$1.3b9.2x16.3x0.6x
Tue, 30 Sep 2025NZ$20.5bNZ$33.8bNZ$1.3b9.6x15.9x0.6x
Thu, 28 Aug 2025NZ$20.3bNZ$33.9bNZ$1.4b9.7x14.2x0.6x
Sat, 26 Jul 2025NZ$17.0bNZ$33.6bNZ$1.3b11.6x12.8x0.5x
Mon, 23 Jun 2025NZ$17.1bNZ$33.5bNZ$1.3b11.4x13x0.5x
Wed, 21 May 2025NZ$17.2bNZ$33.5bNZ$1.3b11.8x13.1x0.5x
Fri, 18 Apr 2025NZ$16.7bNZ$33.5bNZ$1.3b13.7x12.9x0.5x
Sun, 16 Mar 2025NZ$17.7bNZ$31.9bNZ$1.2b12.9x14.8x0.6x
Tue, 11 Feb 2025NZ$14.8bNZ$31.8bNZ$1.2b9.6x12.8x0.5x
Thu, 09 Jan 2025NZ$13.9bNZ$31.8bNZ$1.1b15.6x12.1x0.4x
Sat, 07 Dec 2024NZ$14.4bNZ$31.8bNZ$1.1b16.2x12.6x0.5x
Mon, 04 Nov 2024NZ$14.2bNZ$31.7bNZ$1.1b16.4x12.4x0.4x
Wed, 02 Oct 2024NZ$13.2bNZ$31.7bNZ$1.1b17.8x11.6x0.4x
Fri, 30 Aug 2024NZ$12.6bNZ$31.8bNZ$1.3b15.5x9.4x0.4x
Sun, 28 Jul 2024NZ$12.8bNZ$31.6bNZ$1.4b13.8x9x0.4x
Tue, 25 Jun 2024NZ$12.3bNZ$30.5bNZ$1.1b9.2x11.5x0.4x
Thu, 23 May 2024NZ$13.0bNZ$31.8bNZ$1.6b10.6x8.2x0.4x
Sat, 20 Apr 2024NZ$11.2bNZ$31.8bNZ$1.6b11.8x7x0.4x
Mon, 18 Mar 2024NZ$11.7bNZ$33.0bNZ$1.5b11.1x7.8x0.4x
Wed, 14 Feb 2024NZ$11.4bNZ$33.2bNZ$1.5b11.2x7.4x0.3x
Fri, 12 Jan 2024NZ$11.2bNZ$33.2bNZ$1.5b11.9x7.3x0.3x
Sun, 10 Dec 2023NZ$10.6bNZ$33.2bNZ$1.5b10.6x6.9x0.3x
Tue, 07 Nov 2023NZ$10.6bNZ$33.2bNZ$1.6b11.2x6.6x0.3x
Thu, 05 Oct 2023NZ$11.2bNZ$33.2bNZ$1.6b11.6x7x0.3x
Sat, 02 Sep 2023NZ$11.8bNZ$34.7bNZ$1.6b13.1x7.3x0.3x
Mon, 31 Jul 2023NZ$12.8bNZ$34.5bNZ$1.7b13.9x7.7x0.4x
Wed, 28 Jun 2023NZ$12.6bNZ$34.5bNZ$1.6b14.3x7.7x0.4x
Fri, 26 May 2023NZ$12.6bNZ$34.2bNZ$1.2b14.6x10.1x0.4x
Sun, 23 Apr 2023NZ$12.8bNZ$34.2bNZ$1.3b14.4x10.2x0.4x
Tue, 21 Mar 2023NZ$13.5bNZ$34.3bNZ$1.2b14x11.4x0.4x
Price to Earnings Ratio

11.4x


Total Market Cap: NZ$13.5bTotal Earnings: NZ$1.2bTotal Revenue: NZ$34.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Staples Sector Price to Earnings3Y Average 11x202420252026
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 15.7x which is higher than its 3-year average PE of 11.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 5.8% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

NZ Market-2.47%
Consumer Staples-1.03%
Personal Products4.48%
Beverage1.29%
Food-1.06%
Food and Staples Retail-4.05%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 17.1%, 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 63% over the next 5 years.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 6.2% 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
FCG Fonterra Co-operative GroupNZ$6.280.6%
+NZ$64.2m		30.3%PE10x
DGL Delegat GroupNZ$4.351.4%
+NZ$6.1m		-6.5%PE7.4x
SML Synlait MilkNZ$0.491.0%
+NZ$3.0m		-47.9%PS0.2x
SEK SeekaNZ$5.351.3%
+NZ$3.0m		57.4%PE7.1x
PGW PGG WrightsonNZ$2.161.4%
+NZ$2.3m		13.1%PE13.6x

Latest News

ATM
NZ$11.55
a2 Milk
7D
-2.4%
1Y
22.2%
SCL
NZ$5.98
Scales
7D
-2.6%
1Y
44.8%

SCL: Higher Future P/E Multiple Will Shape Prospective Return Profile

Analysts have lifted their price target on Scales by NZ$0.05 to NZ$6.90, citing updated assumptions on fair value, revenue growth, profit margins, and a higher future P/E multiple as key drivers of the change. Analyst Commentary Bullish Takeaways Bullish analysts point to the revised fair value work as support for the higher NZ$6.90 target, suggesting that updated assumptions around earnings power and margin profile justify a richer P/E multiple over time.
NZK
NZ$0.20
New Zealand King Salmon Investments
7D
-2.9%
1Y
-23.5%

NZK: Steady Assumptions Will Support Future Upside Potential

Analysts have kept their NZ$ price target for New Zealand King Salmon Investments unchanged. This reflects consistent assumptions around fair value, discount rate, revenue growth, profit margin and future P/E.
SML
NZ$0.49
Synlait Milk
7D
1.0%
1Y
-47.9%

SML: Lower Discount Rate And Firmer Margins Will Support Upside Potential

Analysts have slightly reduced their price target for Synlait Milk to NZ$0.57, reflecting updated views on discount rates, expected revenue trends, profit margins and future P/E assumptions. Valuation Changes Fair Value: NZ$0.57 is unchanged, so the updated assessment keeps the same headline valuation level.
SAN
NZ$7.26
Sanford
7D
-5.0%
1Y
50.6%
FCG
NZ$6.28
Fonterra Co-operative Group
7D
0.6%
1Y
30.3%
TGG
NZ$2.50
T&G Global
7D
-8.4%
1Y
53.4%
DGL
NZ$4.35
Delegat Group
7D
1.4%
1Y
-6.5%
PGW
NZ$2.16
PGG Wrightson
7D
1.4%
1Y
13.1%
GXH
NZ$1.19
Green Cross Health
7D
-2.5%
1Y
48.8%
SEK
NZ$5.35
Seeka
7D
1.3%
1Y
57.4%
CVT
NZ$0.70
Comvita
7D
4.5%
1Y
1.4%
MFB
NZ$0.20
My Food Bag Group
7D
-9.1%
1Y
7.5%
ALF
NZ$0.74
Allied Farmers
7D
-0.7%
1Y
0.7%

We Think The Compensation For Allied Farmers Limited's (NZSE:ALF) CEO Looks About Right

Oct 30
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