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New Zealand (NZX) Packaged Foods and Meats Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies5
  • 7D1.2%
  • 3M3.9%
  • 1Y46.9%
  • YTDn/a

In the last week, the Packaged Foods and Meats industry is up 1.2%, with a2 Milk up 2.3%. In the last 12 months, the industry was up 47%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the New Zealand Packaged Foods and Meats Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026NZ$18.9bNZ$28.6bNZ$1.2b11x15.5x0.7x
Wed, 17 Dec 2025NZ$18.2bNZ$28.6bNZ$1.2b10.4x14.9x0.6x
Fri, 14 Nov 2025NZ$18.5bNZ$28.6bNZ$1.2b15.5x15.5x0.6x
Sun, 12 Oct 2025NZ$18.1bNZ$28.6bNZ$1.2b14.3x15.2x0.6x
Tue, 09 Sep 2025NZ$18.0bNZ$28.8bNZ$1.3b11.2x13.4x0.6x
Thu, 07 Aug 2025NZ$15.1bNZ$28.6bNZ$1.3b11.3x11.5x0.5x
Sat, 05 Jul 2025NZ$15.0bNZ$28.6bNZ$1.3b11.8x11.4x0.5x
Mon, 02 Jun 2025NZ$14.9bNZ$28.6bNZ$1.3b11.2x11.3x0.5x
Wed, 30 Apr 2025NZ$14.7bNZ$28.6bNZ$1.3b15.4x11.3x0.5x
Fri, 28 Mar 2025NZ$15.0bNZ$28.6bNZ$1.3b15.2x11.5x0.5x
Sun, 23 Feb 2025NZ$14.8bNZ$27.0bNZ$1.2b14.5x12.3x0.5x
Tue, 21 Jan 2025NZ$12.8bNZ$26.9bNZ$1.2b13.8x10.7x0.5x
Thu, 19 Dec 2024NZ$12.3bNZ$26.9bNZ$1.2b13x10.3x0.5x
Sat, 16 Nov 2024NZ$12.5bNZ$26.9bNZ$1.2b14.8x10.5x0.5x
Mon, 14 Oct 2024NZ$12.3bNZ$26.9bNZ$1.2b14.7x10.3x0.5x
Wed, 11 Sep 2024NZ$10.5bNZ$26.9bNZ$1.4b14.4x7.6x0.4x
Fri, 09 Aug 2024NZ$10.6bNZ$26.9bNZ$1.4b15.1x7.6x0.4x
Sun, 07 Jul 2024NZ$10.6bNZ$26.9bNZ$1.4b14.8x7.7x0.4x
Tue, 04 Jun 2024NZ$10.6bNZ$27.0bNZ$1.5b18.9x6.9x0.4x
Thu, 02 May 2024NZ$9.5bNZ$27.3bNZ$1.6b7.5x6.1x0.3x
Sat, 30 Mar 2024NZ$9.5bNZ$27.3bNZ$1.6b7.1x5.8x0.3x
Mon, 26 Feb 2024NZ$9.7bNZ$28.5bNZ$1.5b6.2x6.7x0.3x
Wed, 24 Jan 2024NZ$9.1bNZ$28.5bNZ$1.5b5.2x6.3x0.3x
Fri, 22 Dec 2023NZ$8.9bNZ$28.5bNZ$1.5b5x6.1x0.3x
Sun, 19 Nov 2023NZ$7.9bNZ$28.5bNZ$1.5b4.9x5.4x0.3x
Tue, 17 Oct 2023NZ$8.6bNZ$28.5bNZ$1.5b5.2x5.7x0.3x
Thu, 14 Sep 2023NZ$9.4bNZ$29.9bNZ$1.5b12.3x6.1x0.3x
Sat, 12 Aug 2023NZ$10.0bNZ$29.9bNZ$1.5b14.3x6.6x0.3x
Mon, 10 Jul 2023NZ$10.1bNZ$29.9bNZ$1.5b21.4x6.8x0.3x
Wed, 07 Jun 2023NZ$10.3bNZ$29.4bNZ$1.1b23x9.6x0.4x
Fri, 05 May 2023NZ$9.6bNZ$29.4bNZ$1.1b20.4x8.9x0.3x
Sun, 02 Apr 2023NZ$10.6bNZ$29.4bNZ$1.1b25.2x9.9x0.4x
Tue, 28 Feb 2023NZ$10.7bNZ$27.2bNZ$809.3m18.8x13.2x0.4x
Thu, 26 Jan 2023NZ$11.0bNZ$27.0bNZ$797.4m16.7x13.8x0.4x
Price to Earnings Ratio

13.8x


Total Market Cap: NZ$11.0bTotal Earnings: NZ$797.4mTotal Revenue: NZ$27.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Packaged Foods and Meats Industry Price to Earnings3Y Average 9.7x202420252026
Current Industry PE
  • Investors are optimistic on the New Zealander Packaged Foods and Meats industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of 9.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have grown 15% 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 Comparison

How does New Zealand Packaged Foods and Meats compare with similar industries?

NZ Market0.096%
Consumer Staples1.14%
Food1.17%
Packaged Foods and Meats1.18%
Agricultural Products1.11%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NZK New Zealand King Salmon InvestmentsNZ$0.227.3%
+NZ$8.1m		0%PS0.7x
SML Synlait MilkNZ$0.630.8%
+NZ$3.0m		54.3%PS0.2x

Latest News

NZK
NZ$0.22
New Zealand King Salmon Investments
7D
7.3%
1Y
0%
SML
NZ$0.63
Synlait Milk
7D
0.8%
1Y
54.3%

SML: Higher Discount Rate And Lower P/E Will Shape Balanced Outlook

Analysts have trimmed their fair value estimate for Synlait Milk from $0.59 to $0.57 as they factor in a slightly higher discount rate, a small change in expected revenue contraction and modestly stronger profit margins, along with a lower assumed future P/E multiple. Valuation Changes Fair Value: Trimmed from NZ$0.59 to NZ$0.57 per share, a small reduction in the central estimate.
ATM
NZ$9.80
a2 Milk
7D
-8.2%
1Y
52.4%

ATM: China Approvals And 2027 Launch Timing Will Guide Balanced Outlook

Analysts have kept their price target on a2 Milk unchanged at A$10.16, reflecting consistent assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News a2 Milk received approval from New Zealand's Ministry for Primary Industries and the General Administration of China Customs for the process to transition two China label infant milk formula registrations linked to the Pokeno facility to a2 Milk branded products.
FCG
NZ$6.03
Fonterra Co-operative Group
7D
-0.7%
1Y
31.1%

These 4 Measures Indicate That Fonterra Co-operative Group (NZSE:FCG) Is Using Debt Reasonably Well

Jan 05
These 4 Measures Indicate That Fonterra Co-operative Group (NZSE:FCG) Is Using Debt Reasonably Well
SAN
NZ$7.56
Sanford
7D
-3.7%
1Y
69.5%