Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.2%
  • 3M6.1%
  • 1Y28.2%
  • YTD2.0%

The Consumer Staples is pretty flat in the last 7 days, but Synlait Milk has stood out, gaining 5.8%. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026NZ$21.4bNZ$35.4bNZ$1.4b10.2x15.9x0.6x
Mon, 23 Mar 2026NZ$21.8bNZ$34.3bNZ$1.4b9.5x15.5x0.6x
Wed, 18 Feb 2026NZ$20.9bNZ$33.7bNZ$1.3b10.3x16x0.6x
Fri, 16 Jan 2026NZ$21.3bNZ$33.7bNZ$1.3b9.8x16.2x0.6x
Sun, 14 Dec 2025NZ$20.5bNZ$33.7bNZ$1.3b9.6x15.6x0.6x
Tue, 11 Nov 2025NZ$21.0bNZ$33.8bNZ$1.3b9.4x16.4x0.6x
Thu, 09 Oct 2025NZ$20.3bNZ$33.8bNZ$1.3b9.3x15.8x0.6x
Sat, 06 Sep 2025NZ$20.3bNZ$33.9bNZ$1.4b9.3x14.1x0.6x
Mon, 04 Aug 2025NZ$17.1bNZ$33.6bNZ$1.3b11.6x12.8x0.5x
Wed, 02 Jul 2025NZ$16.9bNZ$33.5bNZ$1.3b11.6x12.8x0.5x
Fri, 30 May 2025NZ$16.7bNZ$33.5bNZ$1.3b11.6x12.7x0.5x
Sun, 27 Apr 2025NZ$16.7bNZ$33.5bNZ$1.3b13.3x12.9x0.5x
Tue, 25 Mar 2025NZ$17.5bNZ$33.4bNZ$1.2b12.4x14.5x0.5x
Thu, 20 Feb 2025NZ$16.0bNZ$31.9bNZ$1.2b9.9x13.8x0.5x
Sat, 18 Jan 2025NZ$14.6bNZ$31.8bNZ$1.1b15.5x12.7x0.5x
Mon, 16 Dec 2024NZ$14.3bNZ$31.8bNZ$1.1b16.3x12.5x0.4x
Wed, 13 Nov 2024NZ$14.6bNZ$31.7bNZ$1.1b15.7x12.8x0.5x
Fri, 11 Oct 2024NZ$14.1bNZ$31.7bNZ$1.1b17.7x12.4x0.4x
Sun, 08 Sep 2024NZ$12.5bNZ$31.8bNZ$1.4b18x8.9x0.4x
Tue, 06 Aug 2024NZ$12.7bNZ$31.6bNZ$1.4b13.3x8.9x0.4x
Thu, 04 Jul 2024NZ$12.5bNZ$30.5bNZ$1.1b9.9x11.7x0.4x
Sat, 01 Jun 2024NZ$12.2bNZ$31.8bNZ$1.6b11.7x7.7x0.4x
Mon, 29 Apr 2024NZ$11.4bNZ$31.8bNZ$1.6b12.2x7.2x0.4x
Wed, 27 Mar 2024NZ$11.7bNZ$31.8bNZ$1.7b11.6x7x0.4x
Fri, 23 Feb 2024NZ$11.5bNZ$33.2bNZ$1.6b11.5x7.4x0.3x
Sun, 21 Jan 2024NZ$11.1bNZ$33.2bNZ$1.5b11.6x7.2x0.3x
Tue, 19 Dec 2023NZ$11.0bNZ$33.2bNZ$1.5b10.8x7.1x0.3x
Thu, 16 Nov 2023NZ$10.3bNZ$33.2bNZ$1.5b11.9x6.7x0.3x
Sat, 14 Oct 2023NZ$11.2bNZ$33.2bNZ$1.6b11.8x7x0.3x
Mon, 11 Sep 2023NZ$11.8bNZ$34.7bNZ$1.6b13x7.3x0.3x
Wed, 09 Aug 2023NZ$12.8bNZ$34.6bNZ$1.6b14.1x7.8x0.4x
Fri, 07 Jul 2023NZ$12.9bNZ$34.5bNZ$1.6b16.6x7.8x0.4x
Sun, 04 Jun 2023NZ$12.8bNZ$34.2bNZ$1.2b14.4x10.2x0.4x
Tue, 02 May 2023NZ$12.4bNZ$34.2bNZ$1.3b14.2x9.9x0.4x
Price to Earnings Ratio

9.9x


Total Market Cap: NZ$12.4bTotal Earnings: NZ$1.3bTotal Revenue: NZ$34.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Staples Sector Price to Earnings3Y Average 11.2x202420252026
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 15.9x which is higher than its 3-year average PE of 11.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 2.6% 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-0.023%
Consumer Staples-0.24%
Beverage1.23%
Food-0.23%
Personal Products-2.90%
Food and Staples Retail-3.29%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.6x.
    • Analysts are expecting annual earnings growth of 18.8%, 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 grow by 4.6% 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
SML Synlait MilkNZ$0.465.8%
+NZ$15.1m		-38.5%PS0.2x
ATM a2 MilkNZ$9.130.2%
+NZ$14.5m		2.7%PE32x
SCL ScalesNZ$6.011.5%
+NZ$13.1m		40.4%PE8.6x
SAN SanfordNZ$7.461.1%
+NZ$7.5m		62.9%PE11x
DGL Delegat GroupNZ$4.081.5%
+NZ$6.1m		-0.5%PE6.9x

Latest News

ATM
NZ$9.13
a2 Milk
7D
0.2%
1Y
2.7%

ATM: Dividend And Mid Double-Digit FY26 Growth Outlook Will Support Upside

Analysts have trimmed their 12 month price target on a2 Milk from NZ$10.93 to NZ$10.53, reflecting updated assumptions for revenue, profit margins and future P/E multiples. What's in the News a2 Milk updated FY26 guidance to revenue growth in the low to mid double-digit range versus FY25, clarifying that double digit refers to 10% to 20% (Corporate guidance).
GXH
NZ$1.38
Green Cross Health
7D
-4.8%
1Y
91.7%
SML
NZ$0.46
Synlait Milk
7D
5.8%
1Y
-38.5%

SML: Slightly Firmer Margins Will Support Future Upside Potential

Analysts have trimmed their NZ$ price target for Synlait Milk slightly. This reflects a small uplift in the discount rate, a marginally softer revenue growth outlook, a modestly higher expected profit margin and a slightly lower future P/E, with no recent Street Research reports cited beyond these updated model inputs.
SCL
NZ$6.01
Scales
7D
1.5%
1Y
40.4%

SCL: Stable Sector Framework Will Support Future Upside Case

Analysts have kept their NZ$6.90 price target on Scales unchanged, pointing to largely stable assumptions around fair value, discount rate, growth and margins, while recent sector research helps support the case for maintaining the current valuation framework. Analyst Commentary Recent sector research around chemicals and related industrial names gives some context for how analysts are thinking about valuation frameworks and risk, even when direct references to Scales are limited.
NZK
NZ$0.23
New Zealand King Salmon Investments
7D
-6.3%
1Y
4.7%

NZK: Permanent CFO Appointment And Steady Assumptions Will Support Future Upside Potential

Analysts have kept their fair value estimate for New Zealand King Salmon Investments steady at NZ$0.30, with the unchanged discount rate, revenue growth outlook, profit margin expectations and future P/E assumptions all supporting a consistent price target view. What's in the News Katie Bennett has been appointed Chief Financial Officer of New Zealand King Salmon Investments, with the role effective from March 18, 2026, after serving as interim CFO since November 28, 2025 (Key Developments).
CVT
NZ$0.67
Comvita
7D
-2.9%
1Y
13.6%
FCG
NZ$4.67
Fonterra Co-operative Group
7D
-0.8%
1Y
52.9%
PGW
NZ$2.17
PGG Wrightson
7D
2.4%
1Y
11.9%
SAN
NZ$7.46
Sanford
7D
1.1%
1Y
62.9%
FWL
NZ$0.51
Foley Wines
7D
-1.9%
1Y
-16.4%
DGL
NZ$4.08
Delegat Group
7D
1.5%
1Y
-0.5%
LIC
NZ$1.11
Livestock Improvement
7D
0.9%
1Y
13.3%

Livestock Improvement's (NZSE:LIC) Earnings Are Of Questionable Quality

Jan 30
Livestock Improvement's (NZSE:LIC) Earnings Are Of Questionable Quality
MFB
NZ$0.24
My Food Bag Group
7D
2.1%
1Y
26.3%