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New Zealand (NZX) Industrials Sector Analysis

UpdatedApr 15, 2025
DataAggregated Company Financials
Companies18
  • 7D3.5%
  • 3M-5.2%
  • 1Y-3.1%
  • YTD-6.3%

In the last week, the Industrials industry is up 3.5%, with Auckland International Airport up 3.8%. In contrast, the industry has lost 3.1% in the last 12 months. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Apr 2025NZ$33.4bNZ$24.2bNZ$451.1m20.8x74x1.4x
Fri, 14 Mar 2025NZ$34.9bNZ$24.2bNZ$451.1m20.6x77.3x1.4x
Sun, 09 Feb 2025NZ$36.0bNZ$24.4bNZ$464.7m22.1x77.5x1.5x
Tue, 07 Jan 2025NZ$35.6bNZ$24.4bNZ$464.7m22.1x76.6x1.5x
Thu, 05 Dec 2024NZ$34.9bNZ$24.4bNZ$464.7m22.6x75.1x1.4x
Sat, 02 Nov 2024NZ$32.5bNZ$24.2bNZ$471.5m24.2x68.9x1.3x
Mon, 30 Sep 2024NZ$31.7bNZ$24.2bNZ$478.4m21.3x66.3x1.3x
Wed, 28 Aug 2024NZ$30.8bNZ$24.3bNZ$693.9m22x44.4x1.3x
Fri, 26 Jul 2024NZ$41.4bNZ$28.0bNZ$1.9b20.2x22.4x1.5x
Sun, 23 Jun 2024NZ$39.2bNZ$28.0bNZ$1.9b18.9x21.2x1.4x
Tue, 21 May 2024NZ$38.3bNZ$27.4bNZ$2.6b17.8x14.7x1.4x
Thu, 18 Apr 2024NZ$40.3bNZ$27.4bNZ$2.6b21.4x15.5x1.5x
Sat, 16 Mar 2024NZ$41.1bNZ$27.4bNZ$2.6b21.1x15.7x1.5x
Mon, 12 Feb 2024NZ$42.0bNZ$26.8bNZ$2.8b19x14.9x1.6x
Wed, 10 Jan 2024NZ$42.3bNZ$26.8bNZ$2.8b19.6x15x1.6x
Fri, 08 Dec 2023NZ$41.7bNZ$26.7bNZ$2.8b19.5x14.8x1.6x
Sun, 05 Nov 2023NZ$39.9bNZ$26.9bNZ$1.8b18.7x22.7x1.5x
Tue, 03 Oct 2023NZ$40.8bNZ$26.8bNZ$1.8b18x23.2x1.5x
Thu, 31 Aug 2023NZ$41.9bNZ$26.8bNZ$1.8b16.7x23.8x1.6x
Sat, 29 Jul 2023NZ$34.7bNZ$23.0bNZ$1.1b18.5x32.4x1.5x
Mon, 26 Jun 2023NZ$35.4bNZ$23.0bNZ$1.1b19.3x32.9x1.5x
Wed, 24 May 2023NZ$35.8bNZ$23.3bNZ$1.1b17.1x32.5x1.5x
Fri, 21 Apr 2023NZ$35.1bNZ$23.3bNZ$1.1b17.3x31.8x1.5x
Sun, 19 Mar 2023NZ$35.3bNZ$23.3bNZ$1.1b18.5x32.1x1.5x
Tue, 14 Feb 2023NZ$36.3bNZ$20.7bNZ$762.9m17.8x47.6x1.8x
Thu, 12 Jan 2023NZ$34.3bNZ$20.7bNZ$763.6m17.7x44.9x1.7x
Sat, 10 Dec 2022NZ$34.5bNZ$20.7bNZ$763.6m18.1x45.2x1.7x
Mon, 07 Nov 2022NZ$34.5bNZ$19.9bNZ$677.4m21x50.9x1.7x
Wed, 05 Oct 2022NZ$32.9bNZ$19.9bNZ$673.8m20.6x48.8x1.7x
Fri, 02 Sep 2022NZ$34.8bNZ$19.9bNZ$673.8m21.8x51.6x1.7x
Sun, 31 Jul 2022NZ$34.3bNZ$19.2bNZ$1.0b21.5x33.1x1.8x
Tue, 28 Jun 2022NZ$32.4bNZ$19.2bNZ$1.0b20.6x31.3x1.7x
Thu, 26 May 2022NZ$33.8bNZ$18.2bNZ$931.0m23.1x36.3x1.9x
Sat, 23 Apr 2022NZ$35.2bNZ$18.2bNZ$931.0m25.3x37.8x1.9x
Price to Earnings Ratio

37.8x


Total Market Cap: NZ$35.2bTotal Earnings: NZ$931.0mTotal Revenue: NZ$18.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 39.4x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 74.0x which is higher than its 3-year average PE of 39.4x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10% 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 Industrials sector?

NZ Market2.65%
Industrials3.48%
Building7.03%
Transportation4.43%
Infrastructure4.15%
Logistics2.06%
Industrials0%0
Airlines0%0
Professional Services-1.53%
Machinery-1.96%
Electrical-2.06%
Commercial Services-8.00%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 72.6x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings growth of 2.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 56% over the next 5 years.
  • In contrast, the Logistics industry is expected to see its earnings grow by 12% 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
AIA Auckland International AirportNZ$8.013.8%
+NZ$496.1m		0.06%PE181.8x
FBU Fletcher BuildingNZ$3.194.2%
+NZ$138.9m		-17.6%PS0.5x
MFT MainfreightNZ$57.791.8%
+NZ$103.7m		-15.0%PE29.3x
FRW Freightways GroupNZ$10.341.9%
+NZ$34.0m		20.8%PE24.8x
THL Tourism HoldingsNZ$1.654.4%
+NZ$15.4m		-44.4%PE14.6x
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AIA

NZ$8.01

Auckland International Airport

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3.8%

1Y

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FRW

NZ$10.34

Freightways Group

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1.9%

1Y

20.8%

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FBU

NZ$3.19

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-1.7%

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NZ$5.20

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