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New Zealand (NZX) Food Industry Analysis

UpdatedAug 09, 2025
DataAggregated Company Financials
Companies11
  • 7D1.9%
  • 3M3.2%
  • 1Y40.0%
  • YTD25.8%

Over the last 7 days, the Food industry has risen 1.9%, driven by gains from Fonterra Co-operative Group of 5.0%. In the last 12 months, the industry was up 40%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the New Zealand Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Aug 2025NZ$16.7bNZ$32.3bNZ$1.4b13.8x12.1x0.5x
Mon, 07 Jul 2025NZ$16.4bNZ$32.2bNZ$1.4b14.4x11.9x0.5x
Wed, 04 Jun 2025NZ$16.0bNZ$32.2bNZ$1.4b13.5x11.6x0.5x
Fri, 02 May 2025NZ$16.1bNZ$32.2bNZ$1.4b17.7x11.9x0.5x
Sun, 30 Mar 2025NZ$16.2bNZ$32.2bNZ$1.4b16.9x12x0.5x
Tue, 25 Feb 2025NZ$16.0bNZ$30.6bNZ$1.2b14.4x13.4x0.5x
Thu, 23 Jan 2025NZ$14.0bNZ$30.5bNZ$1.2b19x11.9x0.5x
Sat, 21 Dec 2024NZ$13.4bNZ$30.5bNZ$1.2b18x11.4x0.4x
Mon, 18 Nov 2024NZ$13.4bNZ$30.5bNZ$1.2b18.4x11.4x0.4x
Wed, 16 Oct 2024NZ$13.3bNZ$30.4bNZ$1.2b18.3x11.3x0.4x
Fri, 13 Sep 2024NZ$11.8bNZ$30.5bNZ$1.4b18.7x8.6x0.4x
Sun, 11 Aug 2024NZ$11.8bNZ$30.3bNZ$1.3b18.9x8.8x0.4x
Tue, 09 Jul 2024NZ$11.8bNZ$30.3bNZ$1.4b12.2x8.7x0.4x
Thu, 06 Jun 2024NZ$12.2bNZ$29.2bNZ$982.9m10.2x12.4x0.4x
Sat, 04 May 2024NZ$10.4bNZ$30.5bNZ$1.5b11.8x6.9x0.3x
Mon, 01 Apr 2024NZ$10.5bNZ$30.5bNZ$1.6b12.6x6.7x0.3x
Wed, 28 Feb 2024NZ$10.7bNZ$31.8bNZ$1.5b9.7x7.3x0.3x
Fri, 26 Jan 2024NZ$10.1bNZ$31.9bNZ$1.4b7.3x7x0.3x
Sun, 24 Dec 2023NZ$10.0bNZ$31.9bNZ$1.4b6.8x6.9x0.3x
Tue, 21 Nov 2023NZ$9.2bNZ$31.9bNZ$1.4b7.2x6.4x0.3x
Thu, 19 Oct 2023NZ$9.7bNZ$31.8bNZ$1.5b6.1x6.5x0.3x
Sat, 16 Sep 2023NZ$10.5bNZ$33.3bNZ$1.5b10.7x6.9x0.3x
Mon, 14 Aug 2023NZ$11.1bNZ$33.3bNZ$1.5b15.3x7.3x0.3x
Wed, 12 Jul 2023NZ$11.2bNZ$33.2bNZ$1.5b18.9x7.3x0.3x
Fri, 09 Jun 2023NZ$11.2bNZ$32.7bNZ$1.1b18.1x10x0.3x
Sun, 07 May 2023NZ$10.7bNZ$32.7bNZ$1.1b18.5x9.6x0.3x
Tue, 04 Apr 2023NZ$11.6bNZ$32.7bNZ$1.1b19.7x10.4x0.4x
Thu, 02 Mar 2023NZ$12.0bNZ$30.5bNZ$855.5m19.2x14x0.4x
Sat, 28 Jan 2023NZ$12.4bNZ$30.3bNZ$873.8m16.9x14.1x0.4x
Mon, 26 Dec 2022NZ$12.2bNZ$30.3bNZ$876.1m15.5x14x0.4x
Wed, 23 Nov 2022NZ$11.9bNZ$30.3bNZ$875.8m14.6x13.6x0.4x
Fri, 21 Oct 2022NZ$11.4bNZ$30.3bNZ$828.6m17.9x13.8x0.4x
Sun, 18 Sep 2022NZ$12.2bNZ$28.7bNZ$686.0m18x17.8x0.4x
Tue, 16 Aug 2022NZ$11.4bNZ$28.3bNZ$588.9m18.1x19.3x0.4x
Price to Earnings Ratio

19.3x


Total Market Cap: NZ$11.4bTotal Earnings: NZ$588.9mTotal Revenue: NZ$28.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Food Industry Price to Earnings3Y Average 10.5x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.1x which is higher than its 3-year average PE of 10.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.39x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 4.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Consumer Staples industry?

NZ Market0.87%
Consumer Staples1.93%
Food1.93%
Agricultural Products2.71%
Packaged Foods and Meats1.85%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 187.3% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.8x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 17% 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$5.035.0%
+NZ$385.0m		68.8%PE6.9x
TGG T&G GlobalNZ$2.409.1%
+NZ$24.5m		50.0%PE68.5x
SCL ScalesNZ$4.741.9%
+NZ$13.0m		41.5%PE22.2x
PGW PGG WrightsonNZ$2.363.5%
+NZ$6.0m		18.0%PE28.3x
SEK SeekaNZ$3.951.3%
+NZ$2.1m		68.1%PE18.9x

Latest News

TGG
NZ$2.40
T&G Global
7D
9.1%
1Y
50.0%
SML
NZ$0.58
Synlait Milk
7D
-4.9%
1Y
93.3%
SCL
NZ$4.74
Scales
7D
1.9%
1Y
41.5%
ATM
NZ$8.56
a2 Milk
7D
-1.3%
1Y
16.0%

a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital

Aug 04
a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
PGW
NZ$2.36
PGG Wrightson
7D
3.5%
1Y
18.0%
LIC
NZ$0.95
Livestock Improvement
7D
-5.0%
1Y
-17.4%
SEK
NZ$3.95
Seeka
7D
1.3%
1Y
68.1%
NZK
NZ$0.21
New Zealand King Salmon Investments
7D
-4.5%
1Y
-19.2%
FCG
NZ$5.03
Fonterra Co-operative Group
7D
5.0%
1Y
68.8%
ALF
NZ$0.80
Allied Farmers
7D
2.6%
1Y
0%
SAN
NZ$5.55
Sanford
7D
-0.9%
1Y
34.7%