Header cover image

New Zealand (NZX) Food Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
Companies12
  • 7D-2.7%
  • 3M0.8%
  • 1Y-38.3%
  • YTD-35.0%

Over the last 7 days, the Food industry has dropped 4.2%, driven by a decline by a2 Milk of 7.8%. However, the industry is down 39% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Fri, 03 Dec 2021NZ$12.8bNZ$27.1bNZ$661.5m55x
Sun, 31 Oct 2021NZ$13.4bNZ$27.1bNZ$664.9m15x
Tue, 28 Sep 2021NZ$13.4bNZ$27.1bNZ$748.7m13.2x
Thu, 26 Aug 2021NZ$12.8bNZ$26.3bNZ$758.7m12.7x
Fri, 02 Jul 2021NZ$14.0bNZ$26.3bNZ$758.7m13x
Mon, 05 Apr 2021NZ$17.3bNZ$26.5bNZ$872.8m15.1x
Thu, 07 Jan 2021NZ$19.5bNZ$26.9bNZ$1.2b21.9x
Wed, 30 Sep 2020NZ$21.0bNZ$27.0bNZ$1.4b21.1x
Sat, 04 Jul 2020NZ$24.5bNZ$26.6bNZ$1.0b17.4x
Tue, 07 Apr 2020NZ$22.1bNZ$26.4bNZ$1.0b15.6x
Fri, 10 Jan 2020NZ$21.7bNZ$25.8bNZ$736.8m20.8x
Thu, 03 Oct 2019NZ$19.5bNZ$25.3bNZ$461.3m19.5x
Sun, 07 Jul 2019NZ$21.2bNZ$25.8bNZ$350.5m19.1x
Wed, 10 Apr 2019NZ$22.0bNZ$25.7bNZ$701.4m26.8x
Tue, 01 Jan 2019NZ$19.9bNZ$25.8bNZ$457.2m22.2x
PE Ratio

21.8x

Total Market Cap: NZ$19.4bTotal Earnings: NZ$444.0mTotal Revenue: NZ$25.6b0%0%0%3 Year10 Year
201920202021

Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.

Past Earnings Growth: The earnings for companies in the Food industry have grown 14% 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 Food industry?

Agricultural Products-0.27%
Packaged Foods and Meats-3.03%

Industry PE: Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 20.8x. However analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 29% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Packaged Foods and Meats industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 18.1x.

Forecasted Growth: Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 29% over the next 5 years. This is better than its past earnings decline of 27% per year. Meanwhile, the Agricultural Products industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
SML Synlait Milk3.0%+NZ$21.9m-36.0%PS0.5x
SCL Scales1.5%+NZ$11.4m10.5%PE32x
SAN Sanford0.4%+NZ$1.9m-2.9%PE28.5x
SEK Seeka0.2%+NZ$374.3k32.9%PE11.3x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
Download on the App StoreGet it on Google Play
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

ATM

NZ$5.76

a2 Milk

7D

-8.3%

1Y

-59.4%

SAN

NZ$4.95

Sanford

7D

0.4%

1Y

-2.9%

SCL

NZ$5.38

Scales

7D

1.5%

1Y

10.5%

SEK

NZ$5.25

Seeka

7D

0.2%

1Y

32.9%