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

New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.9%
  • 3M-12.5%
  • 1Y11.6%
  • YTD-9.6%

Over the last 7 days, the Consumer Staples industry has dropped 2.7%, driven by a pullback from a2 Milk of 4.5%. In the past year, the industry has gained 12%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026NZ$19.0bNZ$35.4bNZ$1.4b9.9x14x0.5x
Thu, 23 Apr 2026NZ$21.4bNZ$35.4bNZ$1.4b10.1x15.9x0.6x
Sat, 21 Mar 2026NZ$21.8bNZ$34.3bNZ$1.4b9.5x15.5x0.6x
Mon, 16 Feb 2026NZ$20.6bNZ$33.7bNZ$1.3b10.2x15.7x0.6x
Wed, 14 Jan 2026NZ$21.1bNZ$33.7bNZ$1.3b9.7x16x0.6x
Fri, 12 Dec 2025NZ$20.5bNZ$33.7bNZ$1.3b9.7x15.6x0.6x
Sun, 09 Nov 2025NZ$20.9bNZ$33.8bNZ$1.3b9.6x16.2x0.6x
Tue, 07 Oct 2025NZ$20.3bNZ$33.8bNZ$1.3b9.2x15.8x0.6x
Thu, 04 Sep 2025NZ$20.3bNZ$33.9bNZ$1.4b9x14.1x0.6x
Sat, 02 Aug 2025NZ$17.1bNZ$33.6bNZ$1.3b11.6x12.8x0.5x
Mon, 30 Jun 2025NZ$16.7bNZ$33.5bNZ$1.3b11.3x12.7x0.5x
Wed, 28 May 2025NZ$17.0bNZ$33.5bNZ$1.3b11.6x12.9x0.5x
Fri, 25 Apr 2025NZ$16.7bNZ$33.5bNZ$1.3b13.3x12.9x0.5x
Sun, 23 Mar 2025NZ$17.6bNZ$33.4bNZ$1.2b12.5x14.6x0.5x
Tue, 18 Feb 2025NZ$15.0bNZ$31.9bNZ$1.2b10x12.9x0.5x
Thu, 16 Jan 2025NZ$14.2bNZ$31.8bNZ$1.1b15.5x12.4x0.4x
Sat, 14 Dec 2024NZ$14.3bNZ$31.8bNZ$1.1b16.3x12.5x0.4x
Mon, 11 Nov 2024NZ$13.7bNZ$31.7bNZ$1.1b16.4x12.1x0.4x
Wed, 09 Oct 2024NZ$13.5bNZ$31.7bNZ$1.1b17.6x11.9x0.4x
Fri, 06 Sep 2024NZ$12.5bNZ$31.8bNZ$1.4b18x8.9x0.4x
Sun, 04 Aug 2024NZ$12.9bNZ$31.6bNZ$1.4b14.5x9x0.4x
Tue, 02 Jul 2024NZ$12.5bNZ$30.5bNZ$1.1b9.2x11.7x0.4x
Thu, 30 May 2024NZ$12.5bNZ$31.8bNZ$1.6b10.7x7.8x0.4x
Sat, 27 Apr 2024NZ$11.4bNZ$31.8bNZ$1.6b12.2x7.2x0.4x
Mon, 25 Mar 2024NZ$11.8bNZ$31.8bNZ$1.7b11.4x7.1x0.4x
Wed, 21 Feb 2024NZ$11.6bNZ$33.2bNZ$1.6b11.4x7.5x0.4x
Fri, 19 Jan 2024NZ$11.1bNZ$33.2bNZ$1.5b11.7x7.2x0.3x
Sun, 17 Dec 2023NZ$11.0bNZ$33.2bNZ$1.5b10.6x7.1x0.3x
Tue, 14 Nov 2023NZ$10.5bNZ$33.2bNZ$1.6b11.6x6.5x0.3x
Thu, 12 Oct 2023NZ$11.2bNZ$33.2bNZ$1.6b11.7x7x0.3x
Sat, 09 Sep 2023NZ$11.8bNZ$34.7bNZ$1.6b13x7.3x0.3x
Mon, 07 Aug 2023NZ$12.7bNZ$34.6bNZ$1.6b14x7.7x0.4x
Wed, 05 Jul 2023NZ$12.8bNZ$34.5bNZ$1.6b16.6x7.8x0.4x
Fri, 02 Jun 2023NZ$12.7bNZ$34.2bNZ$1.2b14.4x10.2x0.4x
Price to Earnings Ratio

10.2x


Total Market Cap: NZ$12.7bTotal Earnings: NZ$1.2bTotal Revenue: NZ$34.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Staples Sector Price to Earnings3Y Average 11.4x202420252026
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 14.0x which is higher than its 3-year average PE of 11.4x.
  • 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 2.9% 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 Market1.26%
Consumer Staples-0.94%
Beverage2.40%
Food-0.97%
Food and Staples Retail-1.92%
Personal Products-5.48%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.7x.
    • Analysts are expecting annual earnings growth of 18.2%, 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
FCG Fonterra Co-operative GroupNZ$4.402.1%
+NZ$216.6m		41.0%PE10.1x
NZK New Zealand King Salmon InvestmentsNZ$0.2519.0%
+NZ$21.5m		4.2%PS0.8x
SCL ScalesNZ$6.122.2%
+NZ$18.9m		37.5%PE8.8x
SML Synlait MilkNZ$0.444.8%
+NZ$12.1m		-38.9%PS0.1x
DGL Delegat GroupNZ$3.713.1%
+NZ$11.1m		-4.4%PE6.3x

Latest News

FCG
NZ$4.40
Fonterra Co-operative Group
7D
2.1%
1Y
41.0%
MFB
NZ$0.30
My Food Bag Group
7D
11.1%
1Y
55.4%
CVT
NZ$0.68
Comvita
7D
-2.9%
1Y
28.3%
SAN
NZ$7.59
Sanford
7D
-0.7%
1Y
40.6%
SCL
NZ$6.12
Scales
7D
2.2%
1Y
37.5%
Narrative Update • May 10

SCL: Stable Earnings Outlook Will Balance Modestly Higher Perceived Risk

Analysts have kept Scales' fair value view broadly steady, with a modest tweak to the discount rate and future P/E assumptions leading to a small adjustment in their NZ$ price target. This reflects slightly higher perceived risk rather than a change in the core earnings outlook.
ATM
NZ$6.76
a2 Milk
7D
-5.7%
1Y
-24.0%
Narrative Update • May 07

ATM: Dividend Policy And FY26 Guidance Will Support Upside Potential

Analysts have kept their NZ$10.53 price target for a2 Milk steady, citing only slight adjustments in discount rate, long term revenue growth, profit margin and future P/E assumptions as the rationale for leaving the valuation unchanged. What's in the News a2 Milk updated FY26 earnings guidance, now expecting revenue growth in the low to mid double-digit range versus FY25, with double-digit defined as 10% to 20%, compared with previous guidance of mid double-digit growth (Corporate Guidance, New/Confirmed).
SML
NZ$0.44
Synlait Milk
7D
4.8%
1Y
-38.9%
ALF
NZ$0.66
Allied Farmers
7D
-4.4%
1Y
-12.7%
NZK
NZ$0.25
New Zealand King Salmon Investments
7D
19.0%
1Y
4.2%
TGG
NZ$2.37
T&G Global
7D
1.7%
1Y
39.4%
GXH
NZ$1.39
Green Cross Health
7D
-6.1%
1Y
90.4%
PGW
NZ$2.06
PGG Wrightson
7D
-4.2%
1Y
7.3%
SEK
NZ$5.00
Seeka
7D
-2.7%
1Y
26.9%
DGL
NZ$3.71
Delegat Group
7D
3.1%
1Y
-4.4%
LIC
NZ$1.22
Livestock Improvement
7D
4.7%
1Y
25.3%
Analysis Article • Jan 30

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

Despite posting some strong earnings, the market for Livestock Improvement Corporation Limited's ( NZSE:LIC ) stock...