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New Zealand (NZX) Consumer Staples Sector Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies16
  • 7D0.03%
  • 3M-13.2%
  • 1Y14.8%
  • YTD-9.2%

The Consumer Staples industry has been flat over the last week, but a2 Milk has lost 3.5%. As for the the longer term, the industry is up 15% over the past 12 months. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026NZ$19.1bNZ$35.4bNZ$1.4b9.8x14x0.5x
Sat, 02 May 2026NZ$20.7bNZ$35.4bNZ$1.4b10.6x15.4x0.6x
Mon, 30 Mar 2026NZ$21.7bNZ$35.4bNZ$1.4b9x16x0.6x
Wed, 25 Feb 2026NZ$21.7bNZ$33.9bNZ$1.3b9.9x16.4x0.6x
Fri, 23 Jan 2026NZ$20.1bNZ$33.7bNZ$1.3b9.7x15.4x0.6x
Sun, 21 Dec 2025NZ$20.4bNZ$33.7bNZ$1.3b9.5x15.5x0.6x
Tue, 18 Nov 2025NZ$20.7bNZ$33.8bNZ$1.3b9.7x16.1x0.6x
Thu, 16 Oct 2025NZ$20.6bNZ$33.8bNZ$1.3b9.3x16.1x0.6x
Sat, 13 Sep 2025NZ$20.1bNZ$33.9bNZ$1.4b8.9x14x0.6x
Mon, 11 Aug 2025NZ$17.4bNZ$33.7bNZ$1.4b13.8x12.9x0.5x
Wed, 09 Jul 2025NZ$16.7bNZ$33.5bNZ$1.3b11.7x12.7x0.5x
Fri, 06 Jun 2025NZ$17.1bNZ$33.5bNZ$1.3b11.1x13x0.5x
Sun, 04 May 2025NZ$16.7bNZ$33.5bNZ$1.3b13.9x12.9x0.5x
Tue, 01 Apr 2025NZ$16.9bNZ$33.5bNZ$1.3b13.1x13x0.5x
Thu, 27 Feb 2025NZ$16.9bNZ$31.9bNZ$1.2b9.8x14.5x0.5x
Sat, 25 Jan 2025NZ$14.8bNZ$31.8bNZ$1.2b9.5x12.7x0.5x
Mon, 23 Dec 2024NZ$14.1bNZ$31.8bNZ$1.1b16.4x12.3x0.4x
Wed, 20 Nov 2024NZ$14.2bNZ$31.8bNZ$1.1b15.4x12.4x0.4x
Fri, 18 Oct 2024NZ$14.0bNZ$31.7bNZ$1.1b17.4x12.3x0.4x
Sun, 15 Sep 2024NZ$12.7bNZ$31.8bNZ$1.3b18x9.5x0.4x
Tue, 13 Aug 2024NZ$12.7bNZ$31.7bNZ$1.4b13.6x8.9x0.4x
Thu, 11 Jul 2024NZ$12.9bNZ$31.6bNZ$1.4b9.8x8.9x0.4x
Sat, 08 Jun 2024NZ$13.0bNZ$30.5bNZ$1.1b11.1x12.1x0.4x
Mon, 06 May 2024NZ$11.4bNZ$31.8bNZ$1.6b10.6x7.2x0.4x
Wed, 03 Apr 2024NZ$11.5bNZ$31.8bNZ$1.7b11.6x6.9x0.4x
Fri, 01 Mar 2024NZ$11.8bNZ$33.1bNZ$1.5b11.7x7.8x0.4x
Sun, 28 Jan 2024NZ$11.1bNZ$33.2bNZ$1.5b11.7x7.2x0.3x
Tue, 26 Dec 2023NZ$11.1bNZ$33.2bNZ$1.5b11.7x7.2x0.3x
Thu, 23 Nov 2023NZ$10.5bNZ$33.2bNZ$1.5b11.2x6.8x0.3x
Sat, 21 Oct 2023NZ$10.9bNZ$33.2bNZ$1.6b11.9x6.9x0.3x
Mon, 18 Sep 2023NZ$11.9bNZ$34.7bNZ$1.6b13x7.4x0.3x
Wed, 16 Aug 2023NZ$12.7bNZ$34.6bNZ$1.6b16x7.8x0.4x
Fri, 14 Jul 2023NZ$12.7bNZ$34.5bNZ$1.6b16.1x7.7x0.4x
Sun, 11 Jun 2023NZ$12.8bNZ$34.0bNZ$1.2b14.6x10.3x0.4x
Price to Earnings Ratio

10.3x


Total Market Cap: NZ$12.8bTotal Earnings: NZ$1.2bTotal Revenue: NZ$34.0bTotal 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 14.0x 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 grown 3.3% 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 Market0.91%
Consumer Staples0.026%
Food and Staples Retail34.40%
Personal Products2.94%
Food-0.47%
Beverage-1.49%
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
FCG Fonterra Co-operative GroupNZ$4.440.9%
+NZ$96.3m		41.7%PE10.2x
GXH Green Cross HealthNZ$2.0745.8%
+NZ$93.4m		158.8%PE14.6x
TGG T&G GlobalNZ$2.443.8%
+NZ$11.0m		35.6%PE29.3x
CVT ComvitaNZ$0.7310.6%
+NZ$9.1m		30.4%PS0.4x
SML Synlait MilkNZ$0.451.1%
+NZ$3.0m		-36.4%PS0.1x

Latest News

GXH
NZ$2.07
Green Cross Health
7D
45.8%
1Y
158.8%
ATM
NZ$6.59
a2 Milk
7D
-3.5%
1Y
-24.5%
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.
SCL
NZ$6.08
Scales
7D
-1.1%
1Y
35.7%
FCG
NZ$4.44
Fonterra Co-operative Group
7D
0.9%
1Y
41.7%
MFB
NZ$0.29
My Food Bag Group
7D
-4.9%
1Y
26.1%
CVT
NZ$0.73
Comvita
7D
10.6%
1Y
30.4%
SAN
NZ$7.42
Sanford
7D
-0.4%
1Y
37.2%
SML
NZ$0.45
Synlait Milk
7D
1.1%
1Y
-36.4%
ALF
NZ$0.65
Allied Farmers
7D
-3.0%
1Y
-10.4%
TGG
NZ$2.44
T&G Global
7D
3.8%
1Y
35.6%
PGW
NZ$2.07
PGG Wrightson
7D
1.5%
1Y
3.0%
SEK
NZ$4.98
Seeka
7D
-0.2%
1Y
24.5%
DGL
NZ$3.63
Delegat Group
7D
-1.9%
1Y
-2.2%
LIC
NZ$1.21
Livestock Improvement
7D
-0.4%
1Y
27.4%
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...