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New Zealand (NZX) Financials Sector Analysis

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies8
  • 7D-0.5%
  • 3M-8.9%
  • 1Y5.3%
  • YTD-7.6%

The Financials is pretty flat in the last 7 days, but Smartpay Holdings has stood out, gaining 11%. As for the the longer term, the industry is up 5.5% over the past 12 months. As for the next few years, earnings are expected to grow by 68% per annum.

Sector Valuation and Performance

Has the New Zealand Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Feb 2025NZ$13.2bNZ$4.7b-NZ$294,114,442.0013.6x-44.9x2.8x
Tue, 14 Jan 2025NZ$13.8bNZ$4.7b-NZ$294,114,442.0012.6x-46.9x2.9x
Thu, 12 Dec 2024NZ$13.9bNZ$4.7b-NZ$294,114,442.0012.1x-47.3x2.9x
Sat, 09 Nov 2024NZ$14.5bNZ$4.2bNZ$1.0b14.1x14.1x3.4x
Mon, 07 Oct 2024NZ$14.3bNZ$4.2bNZ$1.0b13.8x13.9x3.4x
Wed, 04 Sep 2024NZ$13.3bNZ$4.2bNZ$1.0b12.7x12.9x3.1x
Fri, 02 Aug 2024NZ$2.4bNZ$1.0bNZ$188.4m12.2x12.8x2.4x
Sun, 30 Jun 2024NZ$2.3bNZ$1.1bNZ$189.7m10.9x12.2x2.2x
Tue, 28 May 2024NZ$2.3bNZ$964.7mNZ$158.1m11.4x14.8x2.4x
Thu, 25 Apr 2024NZ$2.3bNZ$964.7mNZ$158.1m11.1x14.6x2.4x
Sat, 23 Mar 2024NZ$2.0bNZ$964.7mNZ$158.1m9.8x12.6x2.1x
Mon, 19 Feb 2024NZ$2.1bNZ$951.6mNZ$147.6m12.9x14.3x2.2x
Wed, 17 Jan 2024NZ$3.8bNZ$1.3bNZ$184.4m18.9x20.8x3x
Fri, 15 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m18.8x21.2x3x
Sun, 12 Nov 2023NZ$3.9bNZ$1.3bNZ$191.3m18.9x20.4x3.1x
Tue, 10 Oct 2023NZ$4.1bNZ$1.3bNZ$191.3m18.8x21.2x3.2x
Thu, 07 Sep 2023NZ$4.1bNZ$1.3bNZ$191.3m21.3x21.4x3.2x
Sat, 05 Aug 2023NZ$4.0bNZ$1.2bNZ$168.5m27.1x23.4x3.2x
Mon, 03 Jul 2023NZ$3.9bNZ$1.2bNZ$168.5m26.5x23.3x3.2x
Wed, 31 May 2023NZ$3.8bNZ$1.2bNZ$177.5m12.9x21.2x3.2x
Fri, 28 Apr 2023NZ$3.7bNZ$1.2bNZ$178.2m13.5x21x3.2x
Sun, 26 Mar 2023NZ$3.6bNZ$1.2bNZ$177.9m13.5x20.4x3.1x
Tue, 21 Feb 2023NZ$1.9bNZ$758.5mNZ$134.4m12.9x14.4x2.5x
Thu, 19 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.9x2.6x
Sat, 17 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x15.1x2.7x
Mon, 14 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m13.2x15.1x2.6x
Wed, 12 Oct 2022NZ$1.8bNZ$739.3mNZ$127.8m12.5x14.4x2.5x
Fri, 09 Sep 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.6x2.5x
Sun, 07 Aug 2022NZ$2.1bNZ$769.4mNZ$169.4m17.7x12.6x2.8x
Tue, 05 Jul 2022NZ$2.1bNZ$769.3mNZ$169.4m15.3x12.3x2.7x
Thu, 02 Jun 2022NZ$2.2bNZ$764.8mNZ$170.0m16.2x13x2.9x
Sat, 30 Apr 2022NZ$2.3bNZ$759.1mNZ$177.7m14.6x13x3x
Mon, 28 Mar 2022NZ$2.3bNZ$759.1mNZ$177.7m14.3x13x3.1x
Wed, 23 Feb 2022NZ$2.5bNZ$785.4mNZ$199.9m12.9x12.5x3.2x
Price to Earnings Ratio

12.5x


Total Market Cap: NZ$2.5bTotal Earnings: NZ$199.9mTotal Revenue: NZ$785.4mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 10.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the New Zealander Financials 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 PS ratio of 2.9x.
Past Earnings Growth
  • Total earnings for the Financials industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 82% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Financials sector?

NZ Market0.79%
Financials-0.54%
Insurance2.16%
Mortgage Finance0%0
Mortgage REITs0%0
Consumer Finance0%0
Diversified Financial-0.21%
Capital Markets-0.45%
Banks-5.26%
Industry PE
  • Investors are most optimistic about the Banks industry, which is trading close to its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings decline of 22.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.8% 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
SPY Smartpay HoldingsNZ$0.5411.3%
+NZ$13.3m		-64.0%PE19.6x
TWR TowerNZ$1.422.2%
+NZ$11.4m		118.5%PE7.6x
GEN General CapitalNZ$0.328.6%
+NZ$2.3m		-1.6%PE9.5x
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