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

New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.9%
  • 3M0.8%
  • 1Y27.3%
  • YTD1.0%

Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by a2 Milk declining 15%. Meanwhile, Fonterra Co-operative Group actually outperformed within the industry, gaining 9.2% in the last week. In the past year, the industry has gained 27%. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026NZ$21.2bNZ$35.4bNZ$1.4b9.4x15.7x0.6x
Thu, 12 Mar 2026NZ$22.0bNZ$34.3bNZ$1.4b9.4x15.7x0.6x
Sat, 07 Feb 2026NZ$20.4bNZ$33.7bNZ$1.3b10.4x15.6x0.6x
Mon, 05 Jan 2026NZ$21.0bNZ$33.7bNZ$1.3b9.7x15.9x0.6x
Wed, 03 Dec 2025NZ$20.6bNZ$33.7bNZ$1.3b9.7x15.6x0.6x
Fri, 31 Oct 2025NZ$20.8bNZ$33.8bNZ$1.3b9.3x16.2x0.6x
Sun, 28 Sep 2025NZ$20.2bNZ$33.7bNZ$1.2b9.6x16.3x0.6x
Tue, 26 Aug 2025NZ$19.9bNZ$33.9bNZ$1.4b9.3x14x0.6x
Thu, 24 Jul 2025NZ$16.9bNZ$33.6bNZ$1.3b11.6x12.7x0.5x
Sat, 21 Jun 2025NZ$17.1bNZ$33.5bNZ$1.3b11.4x13x0.5x
Mon, 19 May 2025NZ$17.0bNZ$33.5bNZ$1.3b11.4x12.9x0.5x
Wed, 16 Apr 2025NZ$16.6bNZ$33.5bNZ$1.3b13.9x12.8x0.5x
Fri, 14 Mar 2025NZ$17.3bNZ$31.9bNZ$1.2b12.9x14.4x0.5x
Sun, 09 Feb 2025NZ$14.8bNZ$31.8bNZ$1.2b10x12.8x0.5x
Tue, 07 Jan 2025NZ$14.1bNZ$31.8bNZ$1.1b15.5x12.3x0.4x
Thu, 05 Dec 2024NZ$14.4bNZ$31.8bNZ$1.1b16.9x12.6x0.5x
Sat, 02 Nov 2024NZ$14.2bNZ$31.7bNZ$1.1b16.4x12.4x0.4x
Mon, 30 Sep 2024NZ$13.7bNZ$31.4bNZ$1.2b17.3x11x0.4x
Wed, 28 Aug 2024NZ$12.7bNZ$31.8bNZ$1.4b13.3x8.9x0.4x
Fri, 26 Jul 2024NZ$12.8bNZ$31.6bNZ$1.4b13.3x9x0.4x
Sun, 23 Jun 2024NZ$12.3bNZ$30.5bNZ$1.1b9.4x11.5x0.4x
Tue, 21 May 2024NZ$12.8bNZ$31.8bNZ$1.6b10.8x8.1x0.4x
Thu, 18 Apr 2024NZ$11.0bNZ$31.8bNZ$1.6b11.7x6.9x0.3x
Sat, 16 Mar 2024NZ$11.7bNZ$33.0bNZ$1.5b11.1x7.8x0.4x
Mon, 12 Feb 2024NZ$11.3bNZ$33.2bNZ$1.5b10.9x7.3x0.3x
Wed, 10 Jan 2024NZ$11.3bNZ$33.2bNZ$1.5b12x7.3x0.3x
Fri, 08 Dec 2023NZ$10.5bNZ$33.2bNZ$1.5b10.6x6.8x0.3x
Sun, 05 Nov 2023NZ$10.7bNZ$33.2bNZ$1.6b11.6x6.7x0.3x
Tue, 03 Oct 2023NZ$11.2bNZ$34.3bNZ$1.6b11.8x6.9x0.3x
Thu, 31 Aug 2023NZ$12.0bNZ$34.7bNZ$1.6b13.1x7.4x0.3x
Sat, 29 Jul 2023NZ$12.8bNZ$34.5bNZ$1.7b13.9x7.7x0.4x
Mon, 26 Jun 2023NZ$12.7bNZ$34.5bNZ$1.6b14.4x7.7x0.4x
Wed, 24 May 2023NZ$12.6bNZ$34.2bNZ$1.2b14.7x10.1x0.4x
Fri, 21 Apr 2023NZ$12.9bNZ$34.2bNZ$1.3b14.4x10.3x0.4x
Price to Earnings Ratio

10.3x


Total Market Cap: NZ$12.9bTotal 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 15.7x 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 0.45x.
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 Market1.39%
Consumer Staples-1.92%
Beverage4.88%
Personal Products3.79%
Food and Staples Retail2.46%
Food-2.12%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.5x.
    • Analysts are expecting annual earnings growth of 14.5%, 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 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
FCG Fonterra Co-operative GroupNZ$4.509.2%
+NZ$914.4m		47.1%PE10.4x
GXH Green Cross HealthNZ$1.5021.0%
+NZ$37.4m		105.5%PE12.3x
SAN SanfordNZ$7.504.0%
+NZ$27.1m		59.6%PE11x
DGL Delegat GroupNZ$4.106.8%
+NZ$26.3m		-5.5%PE7x
SEK SeekaNZ$5.075.2%
+NZ$10.6m		26.8%PE6.7x

Latest News

ATM
NZ$9.55
a2 Milk
7D
-15.2%
1Y
10.3%
GXH
NZ$1.50
Green Cross Health
7D
21.0%
1Y
105.5%
SML
NZ$0.41
Synlait Milk
7D
-2.4%
1Y
-43.2%

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.
NZK
NZ$0.19
New Zealand King Salmon Investments
7D
-3.1%
1Y
-14.1%

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).
FCG
NZ$4.50
Fonterra Co-operative Group
7D
9.2%
1Y
47.1%
PGW
NZ$2.14
PGG Wrightson
7D
0.9%
1Y
9.7%
SEK
NZ$5.07
Seeka
7D
5.2%
1Y
26.8%
SAN
NZ$7.50
Sanford
7D
4.0%
1Y
59.6%
FWL
NZ$0.51
Foley Wines
7D
-5.6%
1Y
-16.4%
DGL
NZ$4.10
Delegat Group
7D
6.8%
1Y
-5.5%
LIC
NZ$1.10
Livestock Improvement
7D
4.8%
1Y
11.1%

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

Jan 30
Livestock Improvement's (NZSE:LIC) Earnings Are Of Questionable Quality
MFB
NZ$0.23
My Food Bag Group
7D
4.7%
1Y
18.4%
ALF
NZ$0.65
Allied Farmers
7D
-7.9%
1Y
-10.4%

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

Oct 30
We Think The Compensation For Allied Farmers Limited's (NZSE:ALF) CEO Looks About Right