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New Zealand (NZX) Food Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M3.5%
  • 1Y34.2%
  • YTD3.4%

Over the last 7 days, the Food industry has remained flat. The past year has been better, since the industry has gained 34% in that time. 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
Wed, 08 Apr 2026NZ$20.9bNZ$34.1bNZ$1.4b9.5x15.4x0.6x
Fri, 06 Mar 2026NZ$21.2bNZ$33.0bNZ$1.4b10x15x0.6x
Sun, 01 Feb 2026NZ$19.5bNZ$32.4bNZ$1.3b10.7x14.5x0.6x
Tue, 30 Dec 2025NZ$20.0bNZ$32.4bNZ$1.4b10.7x14.8x0.6x
Thu, 27 Nov 2025NZ$20.2bNZ$32.5bNZ$1.3b10.9x15x0.6x
Sat, 25 Oct 2025NZ$19.8bNZ$32.5bNZ$1.3b15.2x15x0.6x
Mon, 22 Sep 2025NZ$19.1bNZ$32.6bNZ$1.5b11x12.9x0.6x
Wed, 20 Aug 2025NZ$17.3bNZ$32.6bNZ$1.4b15.4x12x0.5x
Fri, 18 Jul 2025NZ$16.1bNZ$32.2bNZ$1.4b14.4x11.7x0.5x
Sun, 15 Jun 2025NZ$16.4bNZ$32.2bNZ$1.4b13.7x12x0.5x
Tue, 13 May 2025NZ$16.2bNZ$32.2bNZ$1.4b18.4x12x0.5x
Thu, 10 Apr 2025NZ$15.8bNZ$32.2bNZ$1.4b16.5x11.7x0.5x
Sat, 08 Mar 2025NZ$16.4bNZ$30.6bNZ$1.3b16.4x13x0.5x
Mon, 03 Feb 2025NZ$14.0bNZ$30.5bNZ$1.2b14.1x11.7x0.5x
Wed, 01 Jan 2025NZ$13.3bNZ$30.5bNZ$1.2b18.6x11.3x0.4x
Fri, 29 Nov 2024NZ$13.8bNZ$30.5bNZ$1.2b18.9x11.7x0.5x
Sun, 27 Oct 2024NZ$13.7bNZ$30.4bNZ$1.2b18.8x11.7x0.5x
Tue, 24 Sep 2024NZ$11.6bNZ$30.5bNZ$1.4b18.2x8.5x0.4x
Thu, 22 Aug 2024NZ$11.3bNZ$30.4bNZ$1.3b22.9x8.5x0.4x
Sat, 20 Jul 2024NZ$11.9bNZ$30.3bNZ$1.4b12.2x8.8x0.4x
Mon, 17 Jun 2024NZ$11.9bNZ$29.2bNZ$988.0m9.8x12x0.4x
Wed, 15 May 2024NZ$10.5bNZ$30.5bNZ$1.5b10.6x7x0.3x
Fri, 12 Apr 2024NZ$10.2bNZ$30.5bNZ$1.5b12.3x6.8x0.3x
Sun, 10 Mar 2024NZ$10.9bNZ$31.7bNZ$1.4b13x7.7x0.3x
Tue, 06 Feb 2024NZ$9.9bNZ$31.9bNZ$1.4b7.4x6.9x0.3x
Thu, 04 Jan 2024NZ$10.0bNZ$31.9bNZ$1.4b6.8x6.9x0.3x
Sat, 02 Dec 2023NZ$9.3bNZ$31.9bNZ$1.4b7.2x6.4x0.3x
Mon, 30 Oct 2023NZ$9.3bNZ$31.8bNZ$1.5b5.8x6.2x0.3x
Wed, 27 Sep 2023NZ$10.4bNZ$31.8bNZ$1.5b6.2x6.9x0.3x
Fri, 25 Aug 2023NZ$10.5bNZ$33.3bNZ$1.5b11.7x6.9x0.3x
Sun, 23 Jul 2023NZ$11.1bNZ$33.2bNZ$1.6b15.5x7.1x0.3x
Tue, 20 Jun 2023NZ$11.4bNZ$33.2bNZ$1.5b17.8x7.4x0.3x
Thu, 18 May 2023NZ$10.8bNZ$32.7bNZ$1.1b18.3x9.7x0.3x
Sat, 15 Apr 2023NZ$11.5bNZ$32.7bNZ$1.1b19.3x10.2x0.4x
Price to Earnings Ratio

10.2x


Total Market Cap: NZ$11.5bTotal Earnings: NZ$1.1bTotal Revenue: NZ$32.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Food Industry Price to Earnings3Y Average 10.5x202420252026
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 15.4x 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 0.44x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 6.8% 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 industry?

NZ Market0.17%
Consumer Staples0.47%
Food0.49%
Packaged Foods and Meats0.53%
Agricultural Products0.053%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 9.9x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 7.7% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
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 growth rate of 7.7% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 3.4% 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$6.180.5%
+NZ$48.1m		34.6%PE9.5x
SAN SanfordNZ$7.212.3%
+NZ$15.0m		53.4%PE10.6x
SEK SeekaNZ$4.827.6%
+NZ$14.4m		33.1%PE6.4x
SCL ScalesNZ$6.000.8%
+NZ$7.3m		42.9%PE8.6x
TGG T&G GlobalNZ$2.480.4%
+NZ$1.2m		55.0%PE29.8x

Latest News

ATM
NZ$11.26
a2 Milk
7D
-2.5%
1Y
32.3%

ATM: Dividend Payout And FY26 Guidance Will Support Steady Returns

Analysts have maintained their NZ$10.93 price target for a2 Milk, highlighting only minor adjustments to revenue growth, profit margin and future P/E assumptions, rather than any major change in the outlook. What's in the News a2 Milk raised its earnings guidance for FY26, with management indicating that revenue is trending ahead of prior expectations across all segments and products, and that NPAT is expected to be up on FY25 reported on a continuing operations basis (Corporate Guidance: Raised).
SML
NZ$0.42
Synlait Milk
7D
-3.4%
1Y
-43.3%
FCG
NZ$6.18
Fonterra Co-operative Group
7D
0.5%
1Y
34.6%
NZK
NZ$0.20
New Zealand King Salmon Investments
7D
-0.5%
1Y
-4.9%

NZK: Stable CFO Appointment And Assumptions Will Support Future Upside Potential

Analysts have kept their NZ$ fair value target for New Zealand King Salmon Investments unchanged. They point to stable assumptions around discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view.
SCL
NZ$6.00
Scales
7D
0.8%
1Y
42.9%

SCL: Sector Re Rating And Stable Assumptions Will Support Future Return Profile

Analysts maintained their fair value and key assumptions for Scales broadly unchanged, keeping the price target around NZ$6.90. They are relying on recent sector research that highlights a more constructive stance on chemical names as earnings approach.
PGW
NZ$2.12
PGG Wrightson
7D
-1.9%
1Y
19.1%
SEK
NZ$4.82
Seeka
7D
7.6%
1Y
33.1%
SAN
NZ$7.21
Sanford
7D
2.3%
1Y
53.4%
TGG
NZ$2.48
T&G Global
7D
0.4%
1Y
55.0%