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New Zealand (NZX) Financials Sector Analysis

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies9
  • 7D-1.3%
  • 3M8.1%
  • 1Y11.2%
  • YTD13.8%

Last week, the Financials industry hasn't moved much but NZX is up 5.5% in that time. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to decline by 29% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Oct 2024NZ$14.1bNZ$4.2bNZ$1.0b13.6x13.7x3.3x
Fri, 06 Sep 2024NZ$13.9bNZ$4.2bNZ$1.0b13.5x13.5x3.3x
Sun, 04 Aug 2024NZ$12.8bNZ$4.3bNZ$1.0b12.1x12.3x3x
Tue, 02 Jul 2024NZ$2.3bNZ$1.1bNZ$189.7m10.6x12x2.2x
Thu, 30 May 2024NZ$2.3bNZ$1.0bNZ$191.3m9.9x12.2x2.3x
Sat, 27 Apr 2024NZ$2.3bNZ$964.7mNZ$158.1m11.3x14.7x2.4x
Mon, 25 Mar 2024NZ$2.0bNZ$964.7mNZ$158.1m9.8x12.6x2.1x
Wed, 21 Feb 2024NZ$2.1bNZ$951.6mNZ$147.6m12.9x14.2x2.2x
Fri, 19 Jan 2024NZ$3.8bNZ$1.3bNZ$184.4m18.9x20.9x3x
Sun, 17 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m18.9x21.1x3x
Tue, 14 Nov 2023NZ$3.9bNZ$1.3bNZ$191.3m18.9x20.4x3.1x
Thu, 12 Oct 2023NZ$4.1bNZ$1.3bNZ$191.3m18.8x21.2x3.2x
Sat, 09 Sep 2023NZ$4.1bNZ$1.3bNZ$191.3m21.1x21.3x3.2x
Mon, 07 Aug 2023NZ$4.0bNZ$1.2bNZ$168.5m27.1x23.4x3.2x
Wed, 05 Jul 2023NZ$3.9bNZ$1.2bNZ$168.5m26.7x23.3x3.2x
Fri, 02 Jun 2023NZ$3.8bNZ$1.2bNZ$167.7m25.8x22.7x3.2x
Sun, 30 Apr 2023NZ$3.8bNZ$1.2bNZ$178.0m13.8x21.2x3.2x
Tue, 28 Mar 2023NZ$3.6bNZ$1.2bNZ$178.0m13.2x20.4x3.1x
Thu, 23 Feb 2023NZ$1.9bNZ$758.5mNZ$134.4m12.6x13.9x2.5x
Sat, 21 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.6x15x2.7x
Mon, 19 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x15.1x2.7x
Wed, 16 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m13.2x15x2.6x
Fri, 14 Oct 2022NZ$1.8bNZ$739.3mNZ$127.8m12.2x14.2x2.5x
Sun, 11 Sep 2022NZ$2.0bNZ$739.3mNZ$127.8m13.5x15.4x2.7x
Tue, 09 Aug 2022NZ$2.1bNZ$769.4mNZ$169.4m17.4x12.5x2.8x
Thu, 07 Jul 2022NZ$2.1bNZ$769.3mNZ$169.4m15.4x12.3x2.7x
Sat, 04 Jun 2022NZ$2.2bNZ$769.3mNZ$169.4m16.6x12.9x2.8x
Mon, 02 May 2022NZ$2.3bNZ$759.1mNZ$177.7m14.6x13x3x
Wed, 30 Mar 2022NZ$2.3bNZ$759.1mNZ$177.7m15x13x3x
Fri, 25 Feb 2022NZ$2.4bNZ$785.4mNZ$199.9m18.8x12x3.1x
Sun, 23 Jan 2022NZ$2.5bNZ$778.6mNZ$197.6m15.9x12.7x3.2x
Tue, 21 Dec 2021NZ$2.5bNZ$778.6mNZ$197.6m13.6x12.7x3.2x
Thu, 18 Nov 2021NZ$2.5bNZ$764.9mNZ$187.6m58.5x13.3x3.2x
Sat, 16 Oct 2021NZ$2.5bNZ$764.9mNZ$187.6m22.8x13.3x3.3x
Price to Earnings Ratio

13.3x


Total Market Cap: NZ$2.5bTotal Earnings: NZ$187.6mTotal Revenue: NZ$764.9mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 15.9x202220232024
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 industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 15.9x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 77% per year over the last three years.
  • Revenues for these companies have grown 77% 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 Market0.60%
Financials-1.33%
Banks0.98%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Capital Markets-0.12%
Insurance-0.36%
Diversified Financial-1.63%
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 34.8x.
    • Analysts are expecting annual earnings growth of 18.7%, which is lower than the prior year's growth of 128.6% per year.
  • Investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 129% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 36% 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
NZX NZXNZ$1.355.5%
+NZ$22.8m		31.1%PE20.1x
HGH Heartland Group HoldingsNZ$1.031.0%
+NZ$9.4m		-40.1%PB0.8x
SPY Smartpay HoldingsNZ$1.022.0%
+NZ$4.8m		-36.6%PE29.4x
MLN Marlin GlobalNZ$0.922.2%
+NZ$4.3m		1.1%PE5.4x
GEN General CapitalNZ$0.271.9%
+NZ$454.5k		-18.2%PE9.1x
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1Y

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GEN

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1Y

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TWR

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Tower

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1Y

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MLN

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1Y

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RTO

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RTO

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1Y

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SPY

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