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New Zealand (NZX) Food Industry Analysis

UpdatedJun 02, 2025
DataAggregated Company Financials
Companies11
  • 7D0.2%
  • 3M-0.5%
  • 1Y37.3%
  • YTD22.4%

The Food industry has stayed flat over the last week. The past year has been better, since the industry has gained 37% in that time. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Jun 2025NZ$16.3bNZ$32.2bNZ$1.4b13.5x11.9x0.5x
Wed, 30 Apr 2025NZ$16.0bNZ$32.2bNZ$1.4b18x11.8x0.5x
Fri, 28 Mar 2025NZ$16.3bNZ$32.2bNZ$1.4b16.6x11.9x0.5x
Sun, 23 Feb 2025NZ$16.1bNZ$30.6bNZ$1.2b14.6x13.5x0.5x
Tue, 21 Jan 2025NZ$14.1bNZ$30.5bNZ$1.2b19.1x11.9x0.5x
Thu, 19 Dec 2024NZ$13.5bNZ$30.5bNZ$1.2b18.4x11.4x0.4x
Sat, 16 Nov 2024NZ$13.7bNZ$30.4bNZ$1.2b18.6x11.6x0.4x
Mon, 14 Oct 2024NZ$13.5bNZ$30.4bNZ$1.2b18.5x11.4x0.4x
Wed, 11 Sep 2024NZ$11.6bNZ$30.5bNZ$1.4b18.3x8.5x0.4x
Fri, 09 Aug 2024NZ$11.7bNZ$30.3bNZ$1.3b18.8x8.7x0.4x
Sun, 07 Jul 2024NZ$11.7bNZ$30.3bNZ$1.4b11.8x8.6x0.4x
Tue, 04 Jun 2024NZ$11.7bNZ$30.5bNZ$1.5b10.5x7.8x0.4x
Thu, 02 May 2024NZ$10.5bNZ$30.5bNZ$1.5b11.9x7x0.3x
Sat, 30 Mar 2024NZ$10.5bNZ$30.5bNZ$1.6b12.6x6.7x0.3x
Mon, 26 Feb 2024NZ$10.8bNZ$31.8bNZ$1.5b10.6x7.4x0.3x
Wed, 24 Jan 2024NZ$10.2bNZ$31.9bNZ$1.4b7.6x7.1x0.3x
Fri, 22 Dec 2023NZ$9.9bNZ$31.9bNZ$1.4b6.6x6.9x0.3x
Sun, 19 Nov 2023NZ$9.0bNZ$31.9bNZ$1.4b7x6.2x0.3x
Tue, 17 Oct 2023NZ$9.7bNZ$31.8bNZ$1.5b6.3x6.5x0.3x
Thu, 14 Sep 2023NZ$10.4bNZ$33.3bNZ$1.5b11.2x6.9x0.3x
Sat, 12 Aug 2023NZ$11.1bNZ$33.3bNZ$1.5b15.3x7.3x0.3x
Mon, 10 Jul 2023NZ$11.3bNZ$33.2bNZ$1.5b19.3x7.3x0.3x
Wed, 07 Jun 2023NZ$11.5bNZ$32.7bNZ$1.1b18.4x10.2x0.4x
Fri, 05 May 2023NZ$10.8bNZ$32.7bNZ$1.1b18.5x9.6x0.3x
Sun, 02 Apr 2023NZ$11.8bNZ$32.7bNZ$1.1b19.7x10.5x0.4x
Tue, 28 Feb 2023NZ$11.9bNZ$30.5bNZ$872.1m19.1x13.6x0.4x
Thu, 26 Jan 2023NZ$12.4bNZ$30.3bNZ$876.1m15.2x14.2x0.4x
Sat, 24 Dec 2022NZ$12.2bNZ$30.3bNZ$876.1m15.5x14x0.4x
Mon, 21 Nov 2022NZ$11.8bNZ$30.3bNZ$875.8m14.8x13.5x0.4x
Wed, 19 Oct 2022NZ$11.6bNZ$30.3bNZ$828.6m17.9x14x0.4x
Fri, 16 Sep 2022NZ$12.4bNZ$28.7bNZ$686.0m18x18.1x0.4x
Sun, 14 Aug 2022NZ$11.3bNZ$28.3bNZ$588.9m18.1x19.3x0.4x
Tue, 12 Jul 2022NZ$11.2bNZ$28.3bNZ$601.7m13.1x18.7x0.4x
Thu, 09 Jun 2022NZ$10.9bNZ$28.3bNZ$601.7m13.7x18.1x0.4x
Price to Earnings Ratio

18.1x


Total Market Cap: NZ$10.9bTotal Earnings: NZ$601.7mTotal Revenue: NZ$28.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Food Industry Price to Earnings3Y Average 10.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the New Zealander Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.9x.
  • 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 32% 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 Market-1.37%
Consumer Staples0.16%
Food0.18%
Agricultural Products2.08%
Packaged Foods and Meats0.012%
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 17.6%, which is lower than the prior year's growth of 27.9% 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 19% 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 18% 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$8.880.5%
+NZ$29.0m		15.5%PE36.9x
PGW PGG WrightsonNZ$2.099.4%
+NZ$13.6m		28.2%PE25x
SCL ScalesNZ$4.492.0%
+NZ$13.0m		32.1%PE21x
SAN SanfordNZ$5.411.1%
+NZ$5.6m		34.6%PE13.5x
TGG T&G GlobalNZ$1.742.4%
+NZ$4.9m		2.4%PS0.2x
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NZK

NZ$0.22

New Zealand King Salmon Investments

7D

-8.3%

1Y

-10.2%

ALF

NZ$0.72

Allied Farmers

7D

-4.0%

1Y

-8.9%

FCG

NZ$4.65

Fonterra Co-operative Group

7D

-0.2%

1Y

69.7%

SAN

NZ$5.41

Sanford

7D

1.1%

1Y

34.6%

ATM

NZ$8.88

a2 Milk

7D

0.5%

1Y

15.5%

Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

May 21
Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

LIC

NZ$0.95

Livestock Improvement

7D

-2.1%

1Y

-22.1%

SML

NZ$0.71

Synlait Milk

7D

-1.4%

1Y

61.4%

author-image

Advanced Nutrition And Foodservice Will Face Risks And Upside

Reliance on Advanced Nutrition sales may lead to slower future growth due to unsustainable restocking and new product launches.

SCL

NZ$4.49

Scales

7D

2.0%

1Y

32.1%

PGW

NZ$2.09

PGG Wrightson

7D

9.4%

1Y

28.2%

Returns On Capital At PGG Wrightson (NZSE:PGW) Have Hit The Brakes

Apr 17
Returns On Capital At PGG Wrightson (NZSE:PGW) Have Hit The Brakes

SEK

NZ$3.95

Seeka

7D

-0.3%

1Y

56.1%

TGG

NZ$1.74

T&G Global

7D

2.4%

1Y

2.4%

We Think T&G Global (NZSE:TGG) Is Taking Some Risk With Its Debt

Mar 10
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