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New Zealand (NZX) Financials Sector Analysis

UpdatedDec 02, 2023
DataAggregated Company Financials
Companies9
  • 7D-2.8%
  • 3M-2.9%
  • 1Y-0.2%
  • YTD-1.2%

Over the last 7 days, the Financials industry has dropped 1.9%, driven by pullbacks from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m18.7x21.3x3x
Mon, 30 Oct 2023NZ$3.9bNZ$1.3bNZ$191.3m18x20.2x3.1x
Wed, 27 Sep 2023NZ$4.1bNZ$1.3bNZ$191.3m19.6x21.4x3.3x
Fri, 25 Aug 2023NZ$4.1bNZ$1.3bNZ$192.1m21x21.4x3.3x
Sun, 23 Jul 2023NZ$4.0bNZ$1.2bNZ$168.5m27.8x23.7x3.3x
Tue, 20 Jun 2023NZ$3.8bNZ$1.2bNZ$168.5m25.5x22.8x3.1x
Thu, 18 May 2023NZ$3.7bNZ$1.2bNZ$177.7m13.2x20.7x3.1x
Sat, 15 Apr 2023NZ$3.7bNZ$1.2bNZ$177.4m13.8x21x3.2x
Mon, 13 Mar 2023NZ$1.9bNZ$772.8mNZ$135.0m12.7x14.1x2.5x
Wed, 08 Feb 2023NZ$2.0bNZ$758.5mNZ$134.4m13.4x14.7x2.6x
Fri, 06 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.8x2.6x
Sun, 04 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.8x2.6x
Tue, 01 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.7x2.5x
Thu, 29 Sep 2022NZ$1.8bNZ$739.3mNZ$127.8m12x14.2x2.5x
Sat, 27 Aug 2022NZ$1.8bNZ$739.3mNZ$127.8m11.6x14.1x2.4x
Mon, 25 Jul 2022NZ$2.2bNZ$769.4mNZ$169.4m17x12.7x2.8x
Wed, 22 Jun 2022NZ$2.1bNZ$769.3mNZ$169.0m15.6x12.2x2.7x
Fri, 20 May 2022NZ$2.2bNZ$759.1mNZ$177.7m14.2x12.6x3x
Sun, 17 Apr 2022NZ$2.4bNZ$759.1mNZ$177.7m14.6x13.2x3.1x
Tue, 15 Mar 2022NZ$2.2bNZ$759.1mNZ$177.7m14.1x12.2x2.9x
Thu, 10 Feb 2022NZ$2.5bNZ$778.6mNZ$197.6m17.4x12.8x3.3x
Sat, 08 Jan 2022NZ$2.7bNZ$778.6mNZ$197.6mn/a13.5x3.4x
Mon, 06 Dec 2021NZ$2.5bNZ$778.6mNZ$197.6m15.8x12.7x3.2x
Wed, 03 Nov 2021NZ$2.5bNZ$764.9mNZ$187.6mn/a13.3x3.3x
Fri, 01 Oct 2021NZ$2.5bNZ$764.9mNZ$187.6m22.7x13.2x3.2x
Sun, 29 Aug 2021NZ$2.5bNZ$764.9mNZ$187.6m23.4x13.2x3.2x
Mon, 05 Jul 2021NZ$2.4bNZ$764.9mNZ$187.6m24.3x13x3.2x
Thu, 08 Apr 2021NZ$2.3bNZ$736.6mNZ$166.3m23.6x13.6x3.1x
Sun, 10 Jan 2021NZ$2.1bNZ$703.2mNZ$146.1m20.7x14.4x3x
Price to Earnings Ratio

13.8x


Total Market Cap: NZ$1.9bTotal Earnings: NZ$137.4mTotal Revenue: NZ$682.8mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 15.6x202120222023
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 21.3x which is higher than its 3-year average PE of 15.6x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

NZ Market1.36%
Financials-2.76%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Capital Markets-1.39%
Diversified Financial-1.88%
Insurance-3.28%
Banks-4.79%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 24.5x.
    • Analysts are expecting annual earnings growth of 54.4%, which is higher than its past year's earnings decline of 86.5% per year.
  • Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 87% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 7.2% 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
No data available
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