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New Zealand (NZX) Financials Sector Analysis

UpdatedApr 15, 2025
DataAggregated Company Financials
Companies8
  • 7D7.9%
  • 3M-12.7%
  • 1Y-6.6%
  • YTD-16.6%

Over the last 7 days, the Financials industry has remained flat, although notably Infratil gained 9.1%. As for the longer term, the industry has declined 11% in the last year. Looking forward, earnings are forecast to grow by 63% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Apr 2025NZ$11.9bNZ$4.7b-NZ$326,576,442.0016.6x-36.5x2.5x
Thu, 13 Mar 2025NZ$12.1bNZ$4.7b-NZ$326,576,442.0018.5x-37.2x2.6x
Sat, 08 Feb 2025NZ$13.0bNZ$4.7b-NZ$294,114,442.0014.3x-44.2x2.7x
Mon, 06 Jan 2025NZ$14.3bNZ$4.7b-NZ$294,114,442.0012.6x-48.6x3x
Wed, 04 Dec 2024NZ$14.7bNZ$4.7b-NZ$294,114,442.0012.2x-49.9x3.1x
Fri, 01 Nov 2024NZ$14.9bNZ$4.2bNZ$1.0b14.3x14.4x3.5x
Sun, 29 Sep 2024NZ$14.4bNZ$4.2bNZ$1.0b14x14x3.4x
Tue, 27 Aug 2024NZ$13.2bNZ$4.2bNZ$1.0b12.5x12.7x3.1x
Thu, 25 Jul 2024NZ$2.4bNZ$1.0bNZ$188.4m11.6x12.7x2.4x
Sat, 22 Jun 2024NZ$2.3bNZ$1.1bNZ$189.4m10.8x12.1x2.2x
Mon, 20 May 2024NZ$2.3bNZ$964.7mNZ$158.1m12.9x14.7x2.4x
Wed, 17 Apr 2024NZ$2.2bNZ$964.7mNZ$158.1m11.3x14.2x2.3x
Fri, 15 Mar 2024NZ$2.1bNZ$964.7mNZ$158.1m11x13.6x2.2x
Sun, 11 Feb 2024NZ$2.1bNZ$951.6mNZ$147.6m12.9x14.4x2.2x
Tue, 09 Jan 2024NZ$3.8bNZ$1.3bNZ$184.4m18.7x20.8x3x
Thu, 07 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m18.2x21.1x3x
Sat, 04 Nov 2023NZ$3.9bNZ$1.3bNZ$191.3m18.8x20.6x3.1x
Mon, 02 Oct 2023NZ$4.1bNZ$1.3bNZ$191.3m19.1x21.5x3.3x
Wed, 30 Aug 2023NZ$4.1bNZ$1.3bNZ$191.3m21.6x21.4x3.3x
Fri, 28 Jul 2023NZ$4.0bNZ$1.2bNZ$168.5m27.4x23.9x3.3x
Sun, 25 Jun 2023NZ$3.8bNZ$1.2bNZ$168.5m25.8x22.7x3.1x
Tue, 23 May 2023NZ$3.7bNZ$1.2bNZ$177.5m13.1x21x3.2x
Thu, 20 Apr 2023NZ$3.7bNZ$1.2bNZ$178.0m13.4x21x3.2x
Sat, 18 Mar 2023NZ$1.8bNZ$772.8mNZ$135.0m11.7x13.2x2.3x
Mon, 13 Feb 2023NZ$2.0bNZ$758.5mNZ$134.4m13.5x14.7x2.6x
Wed, 11 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.4x14.7x2.6x
Fri, 09 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.8x2.6x
Sun, 06 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.6x2.5x
Tue, 04 Oct 2022NZ$1.8bNZ$739.3mNZ$127.8m12.3x14.3x2.5x
Thu, 01 Sep 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.8x2.6x
Sat, 30 Jul 2022NZ$2.1bNZ$769.4mNZ$169.4m17.6x12.5x2.8x
Mon, 27 Jun 2022NZ$2.0bNZ$769.3mNZ$169.0m15.1x12.1x2.7x
Wed, 25 May 2022NZ$2.2bNZ$759.1mNZ$177.7m14.1x12.7x3x
Fri, 22 Apr 2022NZ$2.4bNZ$759.1mNZ$177.7m14.7x13.2x3.1x
Price to Earnings Ratio

13.2x


Total Market Cap: NZ$2.4bTotal Earnings: NZ$177.7mTotal Revenue: NZ$759.1mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 8.1x202320242025
Current Industry PE
  • Investors are pessimistic on the New Zealander Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.4x.
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 84% 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 Market2.65%
Financials7.88%
Diversified Financial8.96%
Insurance3.37%
Capital Markets2.45%
Banks1.41%
Mortgage Finance0%0
Consumer Finance0%0
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings decline of 52.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 71% 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 growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
IFT InfratilNZ$10.219.1%
+NZ$827.7m		-5.9%PS2.7x
TWR TowerNZ$1.383.4%
+NZ$15.4m		69.0%PE6.7x
NZX NZXNZ$1.502.0%
+NZ$9.9m		29.3%PE19.3x
HGH Heartland Group HoldingsNZ$0.721.4%
+NZ$9.4m		-33.9%PB0.6x
MLN Marlin GlobalNZ$0.893.5%
+NZ$6.6m		-10.1%PE5.6x
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