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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.4%
  • 3M-14.0%
  • 1Y9.9%
  • YTD-10.2%

Over the last 7 days, the Consumer Staples industry has dropped 1.3%, driven by a pullback from a2 Milk of 6.0%. This takes the industry's 12 month performance to a gain of 9.6%. 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
Thu, 11 Jun 2026NZ$18.9bNZ$35.4bNZ$1.4b9.6x13.9x0.5x
Sat, 09 May 2026NZ$19.8bNZ$35.4bNZ$1.4b10.3x14.6x0.6x
Mon, 06 Apr 2026NZ$21.6bNZ$35.4bNZ$1.4b9x16x0.6x
Wed, 04 Mar 2026NZ$22.0bNZ$34.3bNZ$1.4b9.2x15.7x0.6x
Fri, 30 Jan 2026NZ$20.2bNZ$33.7bNZ$1.3b10.2x15.4x0.6x
Sun, 28 Dec 2025NZ$20.7bNZ$33.7bNZ$1.3b9.5x15.7x0.6x
Tue, 25 Nov 2025NZ$20.9bNZ$33.8bNZ$1.3b9.8x15.9x0.6x
Thu, 23 Oct 2025NZ$20.4bNZ$33.8bNZ$1.3b9.1x15.9x0.6x
Sat, 20 Sep 2025NZ$19.8bNZ$33.9bNZ$1.4b8.9x13.8x0.6x
Mon, 18 Aug 2025NZ$17.4bNZ$33.7bNZ$1.4b13.8x12.8x0.5x
Wed, 16 Jul 2025NZ$16.5bNZ$33.5bNZ$1.3b11.5x12.5x0.5x
Fri, 13 Jun 2025NZ$17.2bNZ$33.5bNZ$1.3b11.2x13x0.5x
Sun, 11 May 2025NZ$16.8bNZ$33.5bNZ$1.3b13.4x13x0.5x
Tue, 08 Apr 2025NZ$16.3bNZ$33.5bNZ$1.3b12.4x12.6x0.5x
Thu, 06 Mar 2025NZ$17.0bNZ$31.9bNZ$1.2b13x14.2x0.5x
Sat, 01 Feb 2025NZ$14.7bNZ$31.8bNZ$1.2b9.3x12.7x0.5x
Mon, 30 Dec 2024NZ$14.1bNZ$31.8bNZ$1.1b15.1x12.3x0.4x
Wed, 27 Nov 2024NZ$14.5bNZ$31.8bNZ$1.1b15.3x12.6x0.5x
Fri, 25 Oct 2024NZ$14.6bNZ$31.7bNZ$1.1b17.1x12.8x0.5x
Sun, 22 Sep 2024NZ$12.5bNZ$31.8bNZ$1.3b17.3x9.4x0.4x
Tue, 20 Aug 2024NZ$12.0bNZ$31.7bNZ$1.4b13.3x8.5x0.4x
Thu, 18 Jul 2024NZ$12.9bNZ$31.6bNZ$1.4b9.3x9x0.4x
Sat, 15 Jun 2024NZ$12.7bNZ$30.5bNZ$1.1b10.6x11.9x0.4x
Mon, 13 May 2024NZ$11.4bNZ$31.8bNZ$1.6b10.9x7.2x0.4x
Wed, 10 Apr 2024NZ$11.4bNZ$31.8bNZ$1.6b11.7x7.2x0.4x
Fri, 08 Mar 2024NZ$11.8bNZ$33.0bNZ$1.5b11.9x7.9x0.4x
Sun, 04 Feb 2024NZ$11.1bNZ$33.2bNZ$1.5b11.9x7.2x0.3x
Tue, 02 Jan 2024NZ$11.2bNZ$33.2bNZ$1.5b11.6x7.3x0.3x
Thu, 30 Nov 2023NZ$10.4bNZ$33.2bNZ$1.5b11x6.7x0.3x
Sat, 28 Oct 2023NZ$10.7bNZ$33.2bNZ$1.6b11.8x6.7x0.3x
Mon, 25 Sep 2023NZ$11.9bNZ$33.5bNZ$1.6b12.6x7.3x0.4x
Wed, 23 Aug 2023NZ$11.9bNZ$34.7bNZ$1.7b16.6x7.2x0.3x
Fri, 21 Jul 2023NZ$12.7bNZ$34.5bNZ$1.7b13.4x7.6x0.4x
Sun, 18 Jun 2023NZ$12.8bNZ$34.5bNZ$1.6b14.7x7.8x0.4x
Price to Earnings Ratio

7.8x


Total Market Cap: NZ$12.8bTotal Earnings: NZ$1.6bTotal Revenue: NZ$34.5bTotal 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 13.9x 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 declined 6.2% 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 Market0.64%
Consumer Staples-1.41%
Beverage0.18%
Food-1.40%
Food and Staples Retail-3.01%
Personal Products-4.11%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry which is trading above its 3-year average PE ratio of 9.7x.
    • Analysts are expecting annual earnings growth of 0.9%, which is lower than the prior year's growth of 16.5% 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
ATM a2 MilkNZ$6.582.8%
+NZ$130.6m		-25.2%PE23x
SCL ScalesNZ$6.040.7%
+NZ$5.8m		26.1%PE8.7x
TGG T&G GlobalNZ$2.450.8%
+NZ$2.5m		36.1%PE29.4x
PGW PGG WrightsonNZ$2.101.4%
+NZ$2.3m		1.9%PE13.3x
ALF Allied FarmersNZ$0.673.1%
+NZ$576.1k		-11.3%PE3.5x

Latest News

SCL
NZ$6.04
Scales
7D
0.7%
1Y
26.1%
Narrative Update • Jun 09

SCL: Stable Assumptions And Higher Multiple Will Support Future Repricing

Analysts have nudged their fair value estimate for Scales slightly higher to NZ$6.95, reflecting small adjustments to revenue growth, profit margin expectations and the assumed future P/E multiple. What's in the News No recent news items for Scales are available from the provided sources.
NZK
NZ$0.23
New Zealand King Salmon Investments
7D
-6.0%
1Y
9.3%
Narrative Update • Jun 07

NZK: Higher FY26 Harvest Guidance Will Support Future Upside

Analysts have adjusted their price target for New Zealand King Salmon Investments from NZ$0.31 to NZ$0.34, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E as key drivers of the change. What's in the News New Zealand King Salmon Investments upgraded its FY26 production guidance, with expected whole gilled and gutted harvest volumes now in a range of 5,800MT to 6,100MT, compared with the prior guidance of 5,500MT to 5,900MT.
GXH
NZ$1.99
Green Cross Health
7D
-5.2%
1Y
155.1%
SML
NZ$0.41
Synlait Milk
7D
-5.7%
1Y
-41.4%
Narrative Update • Jun 05

SML: Firmer Margins And Recall Containment Will Shape Future Upside Potential

Analysts have trimmed their price targets on Synlait Milk, citing a slightly higher discount rate, softer revenue growth assumptions, improved profit margin expectations and a lower future P/E multiple as the key drivers of the revised NZ$ valuation framework. What's in the News Synlait Milk is working with The a2 Milk Company on a voluntary recall of three batches of a2 Platinum USA label infant milk formula after cereulide was detected through additional testing, according to a company announcement.
ATM
NZ$6.58
a2 Milk
7D
2.8%
1Y
-25.2%
Narrative Update • May 28

ATM: Settlement Resolution And FY26 Guidance Will Support Further Upside Potential

Analysts have maintained their NZ$10.53 price target for a2 Milk, citing only minor adjustments to underlying assumptions such as revenue growth, profit margins and the future P/E multiple, rather than any change in the core outlook. What's in the News a2 Milk has updated its earnings guidance for fiscal 2026, now expecting revenue growth in the low to mid double digit range of about 10% to 20% compared with fiscal 2025.
FCG
NZ$4.42
Fonterra Co-operative Group
7D
-0.9%
1Y
37.0%
CVT
NZ$0.69
Comvita
7D
-4.2%
1Y
19.0%
SAN
NZ$7.00
Sanford
7D
-5.7%
1Y
26.1%
ALF
NZ$0.67
Allied Farmers
7D
3.1%
1Y
-11.3%
TGG
NZ$2.45
T&G Global
7D
0.8%
1Y
36.1%
PGW
NZ$2.10
PGG Wrightson
7D
1.4%
1Y
1.9%
SEK
NZ$4.86
Seeka
7D
-1.8%
1Y
23.0%
LIC
NZ$1.20
Livestock Improvement
7D
-0.8%
1Y
26.3%
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...