Narrative Update • Jun 07

Over the last 7 days, the Consumer Staples industry has risen 1.2%, driven by gains from Fonterra Co-operative Group of 2.5%. During this same period, the Synlait Milk underperformed, falling 7.0%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 13% annually.
Has the New Zealand Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Aug 2026 | NZ$20.3b | NZ$35.4b | NZ$1.4b | 10.1x | 14.8x | 0.6x |
| Thu, 23 Jul 2026 | NZ$20.1b | NZ$35.4b | NZ$1.4b | 9.5x | 14.8x | 0.6x |
| Sat, 20 Jun 2026 | NZ$20.3b | NZ$35.4b | NZ$1.4b | 9.8x | 14.9x | 0.6x |
| Mon, 18 May 2026 | NZ$19.5b | NZ$35.4b | NZ$1.4b | 10.2x | 14.4x | 0.6x |
| Wed, 15 Apr 2026 | NZ$21.3b | NZ$35.4b | NZ$1.4b | 9.7x | 15.8x | 0.6x |
| Fri, 13 Mar 2026 | NZ$21.9b | NZ$34.3b | NZ$1.4b | 9.2x | 15.7x | 0.6x |
| Sun, 08 Feb 2026 | NZ$20.4b | NZ$33.7b | NZ$1.3b | 10.4x | 15.6x | 0.6x |
| Tue, 06 Jan 2026 | NZ$21.0b | NZ$33.7b | NZ$1.3b | 9.8x | 16x | 0.6x |
| Thu, 04 Dec 2025 | NZ$20.7b | NZ$33.7b | NZ$1.3b | 9.9x | 15.8x | 0.6x |
| Sat, 01 Nov 2025 | NZ$20.9b | NZ$33.8b | NZ$1.3b | 9.2x | 16.3x | 0.6x |
| Mon, 29 Sep 2025 | NZ$20.2b | NZ$33.7b | NZ$1.2b | 9.6x | 16.3x | 0.6x |
| Wed, 27 Aug 2025 | NZ$20.2b | NZ$33.9b | NZ$1.4b | 8.9x | 14.1x | 0.6x |
| Fri, 25 Jul 2025 | NZ$17.0b | NZ$33.6b | NZ$1.3b | 11.6x | 12.7x | 0.5x |
| Sun, 22 Jun 2025 | NZ$17.1b | NZ$33.5b | NZ$1.3b | 11.4x | 13x | 0.5x |
| Tue, 20 May 2025 | NZ$17.0b | NZ$33.5b | NZ$1.3b | 11.7x | 13x | 0.5x |
| Thu, 17 Apr 2025 | NZ$16.6b | NZ$33.5b | NZ$1.3b | 13.9x | 12.8x | 0.5x |
| Sat, 15 Mar 2025 | NZ$17.7b | NZ$31.9b | NZ$1.2b | 12.9x | 14.8x | 0.6x |
| Mon, 10 Feb 2025 | NZ$14.8b | NZ$31.8b | NZ$1.2b | 10x | 12.8x | 0.5x |
| Wed, 08 Jan 2025 | NZ$13.9b | NZ$31.8b | NZ$1.1b | 15.5x | 12.2x | 0.4x |
| Fri, 06 Dec 2024 | NZ$14.4b | NZ$31.8b | NZ$1.1b | 16.6x | 12.6x | 0.5x |
| Sun, 03 Nov 2024 | NZ$14.2b | NZ$31.7b | NZ$1.1b | 16.4x | 12.4x | 0.4x |
| Tue, 01 Oct 2024 | NZ$13.9b | NZ$31.5b | NZ$1.2b | 17x | 11.2x | 0.4x |
| Thu, 29 Aug 2024 | NZ$12.7b | NZ$31.8b | NZ$1.5b | 13.3x | 8.7x | 0.4x |
| Sat, 27 Jul 2024 | NZ$12.8b | NZ$31.6b | NZ$1.4b | 13.8x | 9x | 0.4x |
| Mon, 24 Jun 2024 | NZ$12.3b | NZ$30.5b | NZ$1.1b | 9.4x | 11.5x | 0.4x |
| Wed, 22 May 2024 | NZ$13.0b | NZ$31.8b | NZ$1.6b | 10.6x | 8.2x | 0.4x |
| Fri, 19 Apr 2024 | NZ$11.2b | NZ$31.8b | NZ$1.6b | 11.8x | 7x | 0.4x |
| Sun, 17 Mar 2024 | NZ$11.7b | NZ$33.0b | NZ$1.5b | 11.1x | 7.8x | 0.4x |
| Tue, 13 Feb 2024 | NZ$11.4b | NZ$33.2b | NZ$1.5b | 11.4x | 7.4x | 0.3x |
| Thu, 11 Jan 2024 | NZ$11.3b | NZ$33.2b | NZ$1.5b | 11.9x | 7.3x | 0.3x |
| Sat, 09 Dec 2023 | NZ$10.6b | NZ$33.2b | NZ$1.5b | 10.6x | 6.8x | 0.3x |
| Mon, 06 Nov 2023 | NZ$10.7b | NZ$33.2b | NZ$1.6b | 11.6x | 6.7x | 0.3x |
| Wed, 04 Oct 2023 | NZ$11.2b | NZ$33.2b | NZ$1.6b | 11.6x | 7x | 0.3x |
| Fri, 01 Sep 2023 | NZ$11.9b | NZ$34.7b | NZ$1.6b | 12.9x | 7.3x | 0.3x |
7.3x
Which industries have driven the changes within the New Zealand Consumer Staples sector?
| NZ Market | 1.13% | |
| Consumer Staples | 2.46% | |
| Food | 2.61% | |
| Personal Products | 2.56% | |
| Food and Staples Retail | 0.15% | |
| Beverage | -1.89% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FCG Fonterra Co-operative Group | NZ$4.48 | 2.8% +NZ$288.8m | 12.2% | PE10.3x | |
| TGG T&G Global | NZ$2.45 | 6.5% +NZ$18.4m | 22.5% | PE22.9x | |
| SEK Seeka | NZ$5.07 | 1.4% +NZ$3.0m | 19.6% | PE5.5x | |
| GXH Green Cross Health | NZ$1.93 | 0.5% +NZ$1.4m | 124.4% | PE13.6x | |
| MFB My Food Bag Group | NZ$0.30 | 1.7% +NZ$1.3m | 35.6% | PE11.5x |