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New Zealand (NZX) Financials Sector Analysis

UpdatedNov 26, 2022
DataAggregated Company Financials
Companies7
  • 7D2.2%
  • 3M-3.1%
  • 1Y-22.1%
  • YTD-27.8%

In the last week, the Financials industry is up 2.2%, with Heartland Group Holdings up 3.4%. In the past year, the industry is down 22%. Earnings are forecast to grow by 10.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022NZ$2.0bNZ$392.7mNZ$134.4m13.6x14.8x5.1x
Tue, 25 Oct 2022NZ$1.9bNZ$739.3mNZ$127.8m13x14.8x2.6x
Thu, 22 Sep 2022NZ$1.9bNZ$739.3mNZ$127.8m13.2x15.2x2.6x
Sat, 20 Aug 2022NZ$2.2bNZ$769.4mNZ$169.4m16.7x13.1x2.9x
Mon, 18 Jul 2022NZ$2.1bNZ$769.3mNZ$169.4m15.8x12.4x2.7x
Wed, 15 Jun 2022NZ$2.0bNZ$769.3mNZ$169.0m15.6x12.1x2.7x
Fri, 13 May 2022NZ$2.3bNZ$759.1mNZ$177.7m14.3x12.7x3x
Sun, 10 Apr 2022NZ$2.4bNZ$759.1mNZ$177.7m14.9x13.4x3.1x
Tue, 08 Mar 2022NZ$2.3bNZ$759.1mNZ$177.7m15.1x13.1x3.1x
Thu, 03 Feb 2022NZ$2.5bNZ$778.6mNZ$197.6m16.3x12.7x3.2x
Sat, 01 Jan 2022NZ$2.7bNZ$778.6mNZ$197.6m16.8x13.4x3.4x
Mon, 29 Nov 2021NZ$2.5bNZ$772.9mNZ$197.3m15.5x12.6x3.2x
Wed, 27 Oct 2021NZ$2.5bNZ$764.9mNZ$187.6m23x13.3x3.3x
Fri, 24 Sep 2021NZ$2.5bNZ$764.9mNZ$187.6m22.8x13.2x3.2x
Sun, 22 Aug 2021NZ$2.4bNZ$764.9mNZ$187.6m23.5x13x3.2x
Fri, 09 Jul 2021NZ$2.4bNZ$764.9mNZ$187.6m24.3x13x3.2x
Thu, 01 Apr 2021NZ$2.3bNZ$736.6mNZ$166.3m23.6x13.6x3.1x
Sun, 03 Jan 2021NZ$2.1bNZ$703.2mNZ$146.1m20.7x14.4x3x
Wed, 07 Oct 2020NZ$1.7bNZ$682.8mNZ$137.4m15.6x12.1x2.4x
Tue, 30 Jun 2020NZ$1.6bNZ$661.7mNZ$131.4m13.4x12x2.4x
Fri, 03 Apr 2020NZ$1.3bNZ$661.0mNZ$143.5m10.3x9.1x2x
Mon, 06 Jan 2020NZ$2.0bNZ$655.7mNZ$150.7m15.2x13x3x
Price to Earnings Ratio

14.1x


Total Market Cap: NZ$1.8bTotal Earnings: NZ$130.9mTotal Revenue: NZ$619.8mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 13.1x202020212022
Current Industry PE
  • Investors are optimistic on the New Zealander Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of 13.1x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 14% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

NZ Market-0.58%
Financials2.21%
Banks3.39%
Insurance2.22%
Capital Markets0.14%
Mortgage REITs0%
Diversified Financial0%
Consumer Finance-2.13%
Mortgage Finance-6.01%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 12.8x.
    • Analysts are expecting annual earnings growth of 11.0%, which is higher than its past year's earnings decline of 8.5% per year.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 8.5% 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
HGH Heartland Group HoldingsNZ$1.833.4%
+NZ$42.3m
-19.4%PB1.6x
TWR TowerNZ$0.692.2%
+NZ$5.7m
0%PE14.9x
MLN Marlin GlobalNZ$0.971.0%
+NZ$2.0m
-35.8%PB1.1x
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Latest News

TWR

NZ$0.69

Tower

7D

2.2%

1Y

0%

MLN

NZ$0.97

Marlin Global

7D

1.0%

1Y

-35.8%

HGH

NZ$1.83

Heartland Group Holdings

7D

3.4%

1Y

-19.4%

GFL

NZ$0.46

Geneva Finance

7D

-2.1%

1Y

-40.3%

NZX

NZ$1.21

NZX

7D

-0.8%

1Y

-31.6%

GEN

NZ$0.053

General Capital

7D

-7.0%

1Y

-3.6%