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New Zealand (NZX) Food Industry Analysis

UpdatedDec 04, 2022
DataAggregated Company Financials
Companies12
  • 7D1.0%
  • 3M0.07%
  • 1Y-8.8%
  • YTD-8.2%

The Food is pretty flat in the last 7 days, but Synlait Milk has stood out, gaining 10%. As for the longer term, the industry has declined 8.8% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022NZ$12.0bNZ$30.3bNZ$876.1m15.5x13.7x0.4x
Tue, 01 Nov 2022NZ$11.4bNZ$30.3bNZ$828.6m17.9x13.8x0.4x
Thu, 29 Sep 2022NZ$12.0bNZ$30.3bNZ$828.6m19x14.4x0.4x
Sat, 27 Aug 2022NZ$11.2bNZ$28.4bNZ$583.6m18.1x19.3x0.4x
Mon, 25 Jul 2022NZ$11.1bNZ$28.3bNZ$586.7m20.1x18.9x0.4x
Wed, 22 Jun 2022NZ$10.9bNZ$28.3bNZ$601.7m13x18x0.4x
Fri, 20 May 2022NZ$10.4bNZ$28.3bNZ$609.8m13.5x17x0.4x
Sun, 17 Apr 2022NZ$11.7bNZ$28.3bNZ$609.0m14.4x19.2x0.4x
Tue, 15 Mar 2022NZ$12.1bNZ$27.2bNZ$613.6m14.1x19.7x0.4x
Thu, 10 Feb 2022NZ$12.5bNZ$27.1bNZ$663.5m53.8x18.8x0.5x
Sat, 08 Jan 2022NZ$12.4bNZ$27.1bNZ$661.5m22.6x18.8x0.5x
Mon, 06 Dec 2021NZ$12.6bNZ$27.1bNZ$661.5m14.5x19.1x0.5x
Wed, 03 Nov 2021NZ$13.3bNZ$27.1bNZ$664.9m7.4x20.1x0.5x
Fri, 01 Oct 2021NZ$13.6bNZ$27.1bNZ$664.9m12.2x20.4x0.5x
Sun, 29 Aug 2021NZ$12.6bNZ$26.3bNZ$758.7m12.5x16.6x0.5x
Mon, 05 Jul 2021NZ$14.0bNZ$26.3bNZ$758.7m13x18.5x0.5x
Thu, 08 Apr 2021NZ$17.3bNZ$26.5bNZ$872.8m15.1x19.8x0.7x
Sun, 10 Jan 2021NZ$19.5bNZ$26.9bNZ$1.2b21.9x16.9x0.7x
Sat, 03 Oct 2020NZ$21.0bNZ$27.0bNZ$1.4b21.1x15.5x0.8x
Tue, 07 Jul 2020NZ$24.5bNZ$26.6bNZ$1.0b17.4x23.5x0.9x
Fri, 10 Apr 2020NZ$22.1bNZ$26.4bNZ$1.0b15.6x21.6x0.8x
Thu, 02 Jan 2020NZ$21.7bNZ$25.8bNZ$736.8m20.8x29.4x0.8x
Price to Earnings Ratio

29.4x


Total Market Cap: NZ$21.7bTotal Earnings: NZ$736.8mTotal Revenue: NZ$25.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Food Industry Price to Earnings3Y Average 19x20212022
Current Industry PE
  • Investors are pessimistic on the New Zealander Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 19.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 Market1.85%
Consumer Staples0.87%
Food0.95%
Agricultural Products1.90%
Packaged Foods and Meats0.82%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 6.9% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 41% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 13% 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
SML Synlait MilkNZ$3.1810.0%
+NZ$63.4m
-7.0%PE18x
SCL ScalesNZ$4.625.0%
+NZ$31.4m
-14.1%PE26.7x
FCG Fonterra Co-operative GroupNZ$2.590.4%
+NZ$16.1m
-17.5%PE6.3x
SAN SanfordNZ$4.453.5%
+NZ$14.0m
-10.1%PE7.4x
PGW PGG WrightsonNZ$4.170.7%
+NZ$2.3m
-4.1%PE13x
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Latest News

SML

NZ$3.18

Synlait Milk

7D

10.0%

1Y

-7.0%

FCG

NZ$2.59

Fonterra Co-operative Group

7D

0.4%

1Y

-17.5%

SAN

NZ$4.45

Sanford

7D

3.5%

1Y

-10.1%

ATM

NZ$6.71

a2 Milk

7D

-0.1%

1Y

16.5%

SEK

NZ$3.30

Seeka

7D

-1.2%

1Y

-37.1%

TGG

NZ$2.45

T&G Global

7D

-2.0%

1Y

-18.6%

ALF

NZ$0.73

Allied Farmers

7D

4.3%

1Y

-13.1%

SCL

NZ$4.62

Scales

7D

5.0%

1Y

-14.1%