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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M-9.7%
  • 1Y15.1%
  • YTD-6.5%

Over the last 7 days, the Consumer Staples industry has risen 3.9%, driven by gains from a2 Milk of 13%. This means that the industry has gained 15% over the past year. 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
Thu, 18 Jun 2026NZ$19.7bNZ$35.4bNZ$1.4b9.8x14.4x0.6x
Sat, 16 May 2026NZ$19.5bNZ$35.4bNZ$1.4b10.2x14.4x0.6x
Mon, 13 Apr 2026NZ$21.5bNZ$35.4bNZ$1.4b9.2x15.9x0.6x
Wed, 11 Mar 2026NZ$21.8bNZ$34.3bNZ$1.4b9.2x15.6x0.6x
Fri, 06 Feb 2026NZ$20.4bNZ$33.7bNZ$1.3b10.4x15.6x0.6x
Sun, 04 Jan 2026NZ$21.0bNZ$33.7bNZ$1.3b9.7x15.9x0.6x
Tue, 02 Dec 2025NZ$20.7bNZ$33.7bNZ$1.3b9.6x15.7x0.6x
Thu, 30 Oct 2025NZ$20.8bNZ$33.8bNZ$1.3b9.2x16.2x0.6x
Sat, 27 Sep 2025NZ$20.2bNZ$33.7bNZ$1.2b9.6x16.3x0.6x
Mon, 25 Aug 2025NZ$19.8bNZ$33.9bNZ$1.4b9.3x14.1x0.6x
Wed, 23 Jul 2025NZ$16.9bNZ$33.6bNZ$1.3b11.7x12.7x0.5x
Fri, 20 Jun 2025NZ$17.1bNZ$33.5bNZ$1.3b11.4x13x0.5x
Sun, 18 May 2025NZ$17.0bNZ$33.5bNZ$1.3b11.4x12.9x0.5x
Tue, 15 Apr 2025NZ$16.7bNZ$33.5bNZ$1.3b13.9x12.8x0.5x
Thu, 13 Mar 2025NZ$17.2bNZ$31.9bNZ$1.2b12.9x14.4x0.5x
Sat, 08 Feb 2025NZ$14.9bNZ$31.8bNZ$1.2b10x12.8x0.5x
Mon, 06 Jan 2025NZ$14.1bNZ$31.8bNZ$1.1b15.3x12.3x0.4x
Wed, 04 Dec 2024NZ$14.5bNZ$31.8bNZ$1.1b17.1x12.7x0.5x
Fri, 01 Nov 2024NZ$14.4bNZ$31.7bNZ$1.1b16.6x12.6x0.5x
Sun, 29 Sep 2024NZ$13.7bNZ$31.4bNZ$1.2b17.3x11x0.4x
Tue, 27 Aug 2024NZ$12.9bNZ$31.8bNZ$1.4b13x9x0.4x
Thu, 25 Jul 2024NZ$12.8bNZ$31.6bNZ$1.4b13.3x8.9x0.4x
Sat, 22 Jun 2024NZ$12.3bNZ$30.5bNZ$1.1b9.4x11.5x0.4x
Mon, 20 May 2024NZ$12.6bNZ$31.8bNZ$1.6b10.5x7.9x0.4x
Wed, 17 Apr 2024NZ$11.2bNZ$31.8bNZ$1.6b11.8x7.1x0.4x
Fri, 15 Mar 2024NZ$11.9bNZ$33.0bNZ$1.5b11.1x7.9x0.4x
Sun, 11 Feb 2024NZ$11.3bNZ$33.2bNZ$1.5b10.9x7.3x0.3x
Tue, 09 Jan 2024NZ$11.2bNZ$33.2bNZ$1.5b11.9x7.3x0.3x
Thu, 07 Dec 2023NZ$10.3bNZ$33.2bNZ$1.5b10.7x6.7x0.3x
Sat, 04 Nov 2023NZ$10.7bNZ$33.2bNZ$1.6b11.6x6.7x0.3x
Mon, 02 Oct 2023NZ$11.2bNZ$34.4bNZ$1.6b12.2x6.9x0.3x
Wed, 30 Aug 2023NZ$11.9bNZ$34.7bNZ$1.6b13.1x7.4x0.3x
Fri, 28 Jul 2023NZ$12.8bNZ$34.5bNZ$1.7b13.9x7.7x0.4x
Sun, 25 Jun 2023NZ$12.7bNZ$34.5bNZ$1.6b14.4x7.7x0.4x
Price to Earnings Ratio

7.7x


Total Market Cap: NZ$12.7bTotal 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 14.4x 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 Market0.87%
Consumer Staples4.08%
Beverage10.64%
Food4.02%
Food and Staples Retail1.55%
Personal Products-3.57%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings growth of 18.5%, 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 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$7.4813.7%
+NZ$652.9m		-15.7%PE26.2x
DGL Delegat GroupNZ$4.0311.3%
+NZ$41.5m		3.9%PE6.9x
SCL ScalesNZ$6.253.5%
+NZ$30.6m		31.3%PE9x
FCG Fonterra Co-operative GroupNZ$4.430.2%
+NZ$24.1m		39.6%PE10.2x
SAN SanfordNZ$7.152.1%
+NZ$14.0m		30.7%PE9.3x

Latest News

ATM
NZ$7.48
a2 Milk
7D
13.7%
1Y
-15.7%
Analysis Article • Jun 17

a2 Milk (NZSE:ATM) Stock Could Be 28.4% Undervalued After Infant Formula Recall

a2 Milk (NZSE:ATM) is under scrutiny after a US Food and Drug Administration enforcement report detailed a voluntary Class I recall of specific a2 Platinum Premium Infant Formula lots over possible Cereulide toxin contamination. See our latest analysis for a2 Milk. The recall headlines arrive after a sharp 35.34% decline in the 90 day share price return and a 31.84% fall year to date. However, the 3 year total shareholder return of 35.51% and 5 year total shareholder return of 16.12% indicate...
DGL
NZ$4.03
Delegat Group
7D
11.3%
1Y
3.9%
SCL
NZ$6.25
Scales
7D
3.5%
1Y
31.3%
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.
MFB
NZ$0.29
My Food Bag Group
7D
5.5%
1Y
38.1%
GXH
NZ$1.99
Green Cross Health
7D
-0.3%
1Y
154.5%
SML
NZ$0.43
Synlait Milk
7D
4.9%
1Y
-36.8%
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.
FCG
NZ$4.43
Fonterra Co-operative Group
7D
0.2%
1Y
39.6%
CVT
NZ$0.71
Comvita
7D
2.9%
1Y
39.2%
SAN
NZ$7.15
Sanford
7D
2.1%
1Y
30.7%
ALF
NZ$0.66
Allied Farmers
7D
-0.8%
1Y
-10.8%
TGG
NZ$2.42
T&G Global
7D
-1.2%
1Y
45.8%