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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies16
  • 7D1.7%
  • 3M8.0%
  • 1Y30.0%
  • YTD6.0%

Over the last 7 days, the Consumer Staples industry has risen 1.7%, driven by gains from a2 Milk of 2.2%. This takes the industry's 12 month performance to a gain of 30%. 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
Fri, 06 Mar 2026NZ$22.0bNZ$34.3bNZ$1.4b9.5x15.7x0.6x
Sun, 01 Feb 2026NZ$20.3bNZ$33.7bNZ$1.3b10.1x15.5x0.6x
Tue, 30 Dec 2025NZ$20.8bNZ$33.7bNZ$1.3b9.4x15.8x0.6x
Thu, 27 Nov 2025NZ$21.0bNZ$33.8bNZ$1.3b9.8x16x0.6x
Sat, 25 Oct 2025NZ$20.5bNZ$33.8bNZ$1.3b9.2x15.9x0.6x
Mon, 22 Sep 2025NZ$19.8bNZ$33.9bNZ$1.4b8.9x13.8x0.6x
Wed, 20 Aug 2025NZ$18.0bNZ$33.9bNZ$1.4b13.7x13x0.5x
Fri, 18 Jul 2025NZ$16.8bNZ$33.5bNZ$1.3b11.7x12.7x0.5x
Sun, 15 Jun 2025NZ$17.1bNZ$33.5bNZ$1.3b11.5x12.9x0.5x
Tue, 13 May 2025NZ$16.9bNZ$33.5bNZ$1.3b13.7x13x0.5x
Thu, 10 Apr 2025NZ$16.5bNZ$33.5bNZ$1.3b12.7x12.7x0.5x
Sat, 08 Mar 2025NZ$17.1bNZ$31.9bNZ$1.2b12.8x14.3x0.5x
Mon, 03 Feb 2025NZ$14.7bNZ$31.8bNZ$1.2b9.3x12.7x0.5x
Wed, 01 Jan 2025NZ$14.0bNZ$31.8bNZ$1.1b15.3x12.3x0.4x
Fri, 29 Nov 2024NZ$14.6bNZ$31.8bNZ$1.1b16.2x12.7x0.5x
Sun, 27 Oct 2024NZ$14.6bNZ$31.7bNZ$1.1b17.2x12.8x0.5x
Tue, 24 Sep 2024NZ$12.5bNZ$31.8bNZ$1.3b17.3x9.4x0.4x
Thu, 22 Aug 2024NZ$12.2bNZ$31.7bNZ$1.4b13.3x8.6x0.4x
Sat, 20 Jul 2024NZ$12.8bNZ$31.6bNZ$1.4b10.1x8.9x0.4x
Mon, 17 Jun 2024NZ$12.7bNZ$30.5bNZ$1.1b10.6x11.9x0.4x
Wed, 15 May 2024NZ$11.4bNZ$31.8bNZ$1.6b10.5x7.2x0.4x
Fri, 12 Apr 2024NZ$11.3bNZ$31.8bNZ$1.6b11.6x7.1x0.4x
Sun, 10 Mar 2024NZ$12.0bNZ$33.0bNZ$1.5b11.7x8x0.4x
Tue, 06 Feb 2024NZ$11.0bNZ$33.2bNZ$1.5b11.5x7.2x0.3x
Thu, 04 Jan 2024NZ$11.2bNZ$33.2bNZ$1.5b11.8x7.2x0.3x
Sat, 02 Dec 2023NZ$10.5bNZ$33.2bNZ$1.5b11.8x6.8x0.3x
Mon, 30 Oct 2023NZ$10.7bNZ$33.2bNZ$1.6b11.8x6.7x0.3x
Wed, 27 Sep 2023NZ$11.8bNZ$33.2bNZ$1.6b12.4x7.4x0.4x
Fri, 25 Aug 2023NZ$12.0bNZ$34.6bNZ$1.6b13.1x7.4x0.3x
Sun, 23 Jul 2023NZ$12.6bNZ$34.5bNZ$1.7b13.4x7.6x0.4x
Tue, 20 Jun 2023NZ$12.9bNZ$34.5bNZ$1.6b14.5x7.8x0.4x
Thu, 18 May 2023NZ$12.4bNZ$34.2bNZ$1.3b14.6x9.9x0.4x
Sat, 15 Apr 2023NZ$12.9bNZ$34.2bNZ$1.3b14.3x10.3x0.4x
Mon, 13 Mar 2023NZ$13.5bNZ$32.0bNZ$989.1m14.1x13.6x0.4x
Price to Earnings Ratio

13.6x


Total Market Cap: NZ$13.5bTotal Earnings: NZ$989.1mTotal Revenue: NZ$32.0bTotal 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 0.44x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

NZ Market-0.43%
Consumer Staples1.74%
Beverage2.50%
Food1.80%
Personal Products-3.50%
Food and Staples Retail-3.89%
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 16.9%, 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
ATM a2 MilkNZ$11.802.2%
+NZ$181.4m		33.0%PE41.3x
FCG Fonterra Co-operative GroupNZ$6.241.3%
+NZ$128.3m		32.8%PE10x
TGG T&G GlobalNZ$2.752.2%
+NZ$7.4m		68.7%PE33x
DGL Delegat GroupNZ$4.401.1%
+NZ$5.1m		-2.7%PE7.5x
SML Synlait MilkNZ$0.481.0%
+NZ$3.0m		-46.1%PS0.2x

Latest News

TGG
NZ$2.75
T&G Global
7D
2.2%
1Y
68.7%
SCL
NZ$6.14
Scales
7D
-2.7%
1Y
46.9%
FWL
NZ$0.58
Foley Wines
7D
-0.8%
1Y
-14.0%
SAN
NZ$7.84
Sanford
7D
-2.0%
1Y
73.5%
DGL
NZ$4.40
Delegat Group
7D
1.1%
1Y
-2.7%
PGW
NZ$2.13
PGG Wrightson
7D
-5.3%
1Y
3.4%
GXH
NZ$1.22
Green Cross Health
7D
1.2%
1Y
56.4%
ATM
NZ$11.80
a2 Milk
7D
2.2%
1Y
33.0%
SEK
NZ$5.28
Seeka
7D
1.3%
1Y
53.9%
NZK
NZ$0.20
New Zealand King Salmon Investments
7D
-4.7%
1Y
-18.0%

NZK: Steady Assumptions Will Support Future Upside Potential

Analysts have kept their NZ$ fair value estimate for New Zealand King Salmon Investments unchanged, citing stable assumptions around the discount rate, revenue growth, profit margin, and future P/E multiple that continue to support the current price target. Valuation Changes Fair Value: The NZ$ fair value estimate remains unchanged at 0.3, indicating no revision to the core valuation anchor.
SML
NZ$0.48
Synlait Milk
7D
1.0%
1Y
-46.1%

SML: Slightly Higher Required Return Will Still Support Upside Potential

Analysts have maintained their fair value estimate for Synlait Milk at NZ$0.57, making only small adjustments to assumptions such as a slightly higher discount rate, modestly weaker revenue growth and a marginally stronger profit margin, which together leave their overall valuation view largely unchanged. Valuation Changes Fair Value: NZ$0.57 remains unchanged, so the headline valuation point is the same as before.
CVT
NZ$0.66
Comvita
7D
-7.0%
1Y
-9.6%
FCG
NZ$6.24
Fonterra Co-operative Group
7D
1.3%
1Y
32.8%
LIC
NZ$1.02
Livestock Improvement
7D
2.0%
1Y
-2.9%

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

Jan 30
Livestock Improvement's (NZSE:LIC) Earnings Are Of Questionable Quality
MFB
NZ$0.22
My Food Bag Group
7D
-2.2%
1Y
15.2%