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Has the New Zealand Financials Sector valuation changed over the past few years?
|Fri, 03 Dec 2021||NZ$2.4b||NZ$777.3m||NZ$197.2m||66.2x|
|Sun, 31 Oct 2021||NZ$2.5b||NZ$764.9m||NZ$187.6m||22.9x|
|Tue, 28 Sep 2021||NZ$2.5b||NZ$764.9m||NZ$187.6m||22.7x|
|Thu, 26 Aug 2021||NZ$2.5b||NZ$764.9m||NZ$187.6m||23.7x|
|Fri, 02 Jul 2021||NZ$2.4b||NZ$764.9m||NZ$187.6m||24.3x|
|Mon, 05 Apr 2021||NZ$2.3b||NZ$736.6m||NZ$166.3m||23.6x|
|Thu, 07 Jan 2021||NZ$2.1b||NZ$703.2m||NZ$146.1m||20.7x|
|Wed, 30 Sep 2020||NZ$1.7b||NZ$682.8m||NZ$137.4m||15.6x|
|Sat, 04 Jul 2020||NZ$1.6b||NZ$661.7m||NZ$131.4m||13.4x|
|Tue, 07 Apr 2020||NZ$1.3b||NZ$661.0m||NZ$143.5m||10.3x|
|Fri, 10 Jan 2020||NZ$2.0b||NZ$655.7m||NZ$150.7m||15.2x|
|Thu, 03 Oct 2019||NZ$1.7b||NZ$619.8m||NZ$130.9m||13.1x|
|Sun, 07 Jul 2019||NZ$1.7b||NZ$588.7m||NZ$114.2m||15.6x|
|Wed, 10 Apr 2019||NZ$1.5b||NZ$572.9m||NZ$107.9m||14.4x|
|Tue, 01 Jan 2019||NZ$1.5b||NZ$557.7m||NZ$89.9m||15.6x|
Current Industry PE: There are only 2 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 30% per year over the last three years, and revenues for these companies have grown 11% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the New Zealand Financials sector?
Industry PE: Investors are most optimistic about the Mortgage Finance industry even though it's trading below its 3-year average PE ratio of 149x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 24.4x.
Forecasted Growth: Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 15% over the next 5 years. However this is lower than its past earnings growth rate of 74% per year. Meanwhile, the Banks industry is expected to see its earnings grow by 7.2% per year over the next few years.
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