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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies16
  • 7D1.4%
  • 3M2.3%
  • 1Y48.3%
  • YTD0.9%

In the last week, the Consumer Staples industry is up 1.4%, with a2 Milk up 2.6%. During this same period, the Sanford underperformed, falling 6.0%. This means that the industry has gained 48% over the past year. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026NZ$21.0bNZ$33.7bNZ$1.3b9.7x16x0.6x
Sat, 13 Dec 2025NZ$20.5bNZ$33.7bNZ$1.3b9.6x15.5x0.6x
Mon, 10 Nov 2025NZ$20.9bNZ$33.8bNZ$1.3b9.6x16.2x0.6x
Wed, 08 Oct 2025NZ$20.3bNZ$33.8bNZ$1.3b9.2x15.8x0.6x
Fri, 05 Sep 2025NZ$20.2bNZ$33.9bNZ$1.4b9.3x14x0.6x
Sun, 03 Aug 2025NZ$17.1bNZ$33.6bNZ$1.3b11.6x12.8x0.5x
Tue, 01 Jul 2025NZ$16.9bNZ$33.5bNZ$1.3b11.6x12.8x0.5x
Thu, 29 May 2025NZ$16.7bNZ$33.5bNZ$1.3b11.7x12.7x0.5x
Sat, 26 Apr 2025NZ$16.7bNZ$33.5bNZ$1.3b13.3x12.9x0.5x
Mon, 24 Mar 2025NZ$17.6bNZ$33.4bNZ$1.2b12.5x14.6x0.5x
Wed, 19 Feb 2025NZ$16.0bNZ$31.9bNZ$1.2b9.9x13.8x0.5x
Fri, 17 Jan 2025NZ$14.3bNZ$31.8bNZ$1.1b15.5x12.4x0.4x
Sun, 15 Dec 2024NZ$14.3bNZ$31.8bNZ$1.1b16.3x12.5x0.4x
Tue, 12 Nov 2024NZ$13.9bNZ$31.7bNZ$1.1b16.1x12.2x0.4x
Thu, 10 Oct 2024NZ$13.8bNZ$31.7bNZ$1.1b17.9x12.1x0.4x
Sat, 07 Sep 2024NZ$12.5bNZ$31.8bNZ$1.4b18x8.9x0.4x
Mon, 05 Aug 2024NZ$12.9bNZ$31.6bNZ$1.4b14.5x9x0.4x
Wed, 03 Jul 2024NZ$12.5bNZ$30.5bNZ$1.1b9.9x11.7x0.4x
Fri, 31 May 2024NZ$12.2bNZ$31.8bNZ$1.6b11.7x7.7x0.4x
Sun, 28 Apr 2024NZ$11.4bNZ$31.8bNZ$1.6b12.2x7.2x0.4x
Tue, 26 Mar 2024NZ$11.8bNZ$31.8bNZ$1.7b11.7x7.1x0.4x
Thu, 22 Feb 2024NZ$11.5bNZ$33.2bNZ$1.6b11.4x7.4x0.3x
Sat, 20 Jan 2024NZ$11.1bNZ$33.2bNZ$1.5b11.6x7.2x0.3x
Mon, 18 Dec 2023NZ$11.0bNZ$33.2bNZ$1.5b10.6x7.1x0.3x
Wed, 15 Nov 2023NZ$10.3bNZ$33.2bNZ$1.6b11.5x6.5x0.3x
Fri, 13 Oct 2023NZ$11.2bNZ$33.2bNZ$1.6b11.5x7x0.3x
Sun, 10 Sep 2023NZ$11.8bNZ$34.7bNZ$1.6b13x7.3x0.3x
Tue, 08 Aug 2023NZ$12.8bNZ$34.6bNZ$1.6b14.2x7.8x0.4x
Thu, 06 Jul 2023NZ$12.9bNZ$34.5bNZ$1.6b16.6x7.8x0.4x
Sat, 03 Jun 2023NZ$12.8bNZ$34.2bNZ$1.2b14.4x10.2x0.4x
Mon, 01 May 2023NZ$12.5bNZ$34.2bNZ$1.3b14.3x9.9x0.4x
Wed, 29 Mar 2023NZ$13.2bNZ$34.2bNZ$1.2b13.6x11.4x0.4x
Fri, 24 Feb 2023NZ$13.6bNZ$32.0bNZ$1.0b14.4x13.4x0.4x
Sun, 22 Jan 2023NZ$14.2bNZ$31.8bNZ$1.0b14.2x14.1x0.4x
Price to Earnings Ratio

14.1x


Total Market Cap: NZ$14.2bTotal Earnings: NZ$1.0bTotal Revenue: NZ$31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Consumer Staples Sector Price to Earnings3Y Average 10.9x202420252026
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 16.0x which is higher than its 3-year average PE of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 9.5% 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 Market0.44%
Consumer Staples1.36%
Food and Staples Retail6.21%
Personal Products4.90%
Food1.33%
Beverage0%0
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 15.2%, which is lower than the prior year's growth of 73.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Personal Products industry, expecting annual earnings growth of 66% over the next 5 years.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 6.2% 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
ATM a2 MilkNZ$11.003.3%
+NZ$253.9m		74.6%PE39.3x
FCG Fonterra Co-operative GroupNZ$6.050.8%
+NZ$80.2m		33.0%PE9.7x
SCL ScalesNZ$5.841.6%
+NZ$13.1m		36.1%PE16.5x
SML Synlait MilkNZ$0.641.6%
+NZ$6.0m		54.9%PS0.2x
TGG T&G GlobalNZ$2.291.8%
+NZ$4.9m		44.0%PE65.3x

Latest News

NZK
NZ$0.21
New Zealand King Salmon Investments
7D
2.4%
1Y
-4.5%
GXH
NZ$1.13
Green Cross Health
7D
2.7%
1Y
43.0%

Green Cross Health (NZSE:GXH) Seems To Use Debt Quite Sensibly

Jan 13
Green Cross Health (NZSE:GXH) Seems To Use Debt Quite Sensibly
SCL
NZ$5.84
Scales
7D
1.6%
1Y
36.1%

SCL: Stable Outlook And Upcoming Distribution Will Support Bullish Fair Value

Analysts have kept their fair value and key assumptions for Scales unchanged, maintaining the existing price target and citing a lack of new information or conviction to justify a revision at this stage. What's in the News Scales Corporation Limited declared a gross distribution of $0.14930556 per share for the half year of 2025, with a total cash distribution of $0.12500000 per share (Key Developments).
SML
NZ$0.64
Synlait Milk
7D
1.6%
1Y
54.9%

SML: Higher Discount Rate And Lower P/E Will Shape Balanced Outlook

Analysts have trimmed their fair value estimate for Synlait Milk from $0.59 to $0.57 as they factor in a slightly higher discount rate, a small change in expected revenue contraction and modestly stronger profit margins, along with a lower assumed future P/E multiple. Valuation Changes Fair Value: Trimmed from NZ$0.59 to NZ$0.57 per share, a small reduction in the central estimate.
ATM
NZ$11.00
a2 Milk
7D
3.3%
1Y
74.6%

ATM: China Approvals And 2027 Launch Timing Will Guide Balanced Outlook

Analysts have kept their price target on a2 Milk unchanged at A$10.16, reflecting consistent assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News a2 Milk received approval from New Zealand's Ministry for Primary Industries and the General Administration of China Customs for the process to transition two China label infant milk formula registrations linked to the Pokeno facility to a2 Milk branded products.
FCG
NZ$6.05
Fonterra Co-operative Group
7D
0.8%
1Y
33.0%

These 4 Measures Indicate That Fonterra Co-operative Group (NZSE:FCG) Is Using Debt Reasonably Well

Jan 05
These 4 Measures Indicate That Fonterra Co-operative Group (NZSE:FCG) Is Using Debt Reasonably Well
FWL
NZ$0.61
Foley Wines
7D
-0.8%
1Y
10.9%
SAN
NZ$7.50
Sanford
7D
-2.6%
1Y
69.9%
CVT
NZ$0.56
Comvita
7D
10.8%
1Y
-30.2%
TGG
NZ$2.29
T&G Global
7D
1.8%
1Y
44.0%

Does T&G Global (NZSE:TGG) Have A Healthy Balance Sheet?

Oct 14
Does T&G Global (NZSE:TGG) Have A Healthy Balance Sheet?