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New Zealand (NZX) Industrials Sector Analysis

UpdatedOct 13, 2024
DataAggregated Company Financials
Companies18
  • 7D0.7%
  • 3M-1.5%
  • 1Y-7.0%
  • YTD-10.5%

Over the last 7 days, the Industrials industry has remained flat, although notably Scott Technology declined by 4.8%. As for the longer term, the industry has declined 5.9% in the last year. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Oct 2024NZ$32.8bNZ$24.2bNZ$478.4m22x68.6x1.4x
Tue, 10 Sep 2024NZ$30.6bNZ$24.2bNZ$478.4m22.1x64x1.3x
Thu, 08 Aug 2024NZ$30.6bNZ$24.8bNZ$998.1m20.9x30.6x1.2x
Sat, 06 Jul 2024NZ$39.9bNZ$28.0bNZ$1.9b18.9x21.6x1.4x
Mon, 03 Jun 2024NZ$38.7bNZ$28.0bNZ$1.8b19.4x21x1.4x
Wed, 01 May 2024NZ$39.9bNZ$27.4bNZ$2.6b20.4x15.3x1.5x
Fri, 29 Mar 2024NZ$41.7bNZ$27.4bNZ$2.6b19.5x16x1.5x
Sun, 25 Feb 2024NZ$40.6bNZ$27.5bNZ$2.6b20.8x15.5x1.5x
Tue, 23 Jan 2024NZ$42.4bNZ$26.8bNZ$2.8b19x15x1.6x
Thu, 21 Dec 2023NZ$41.7bNZ$26.7bNZ$2.8b19.2x14.8x1.6x
Sat, 18 Nov 2023NZ$40.6bNZ$26.2bNZ$1.7b19.6x24.4x1.5x
Mon, 16 Oct 2023NZ$41.3bNZ$26.8bNZ$1.8b17.7x23.5x1.5x
Wed, 13 Sep 2023NZ$41.7bNZ$26.8bNZ$1.8b18.1x23.7x1.6x
Fri, 11 Aug 2023NZ$42.8bNZ$24.9bNZ$1.4b19.1x30.9x1.7x
Sun, 09 Jul 2023NZ$35.5bNZ$23.0bNZ$1.1b19.1x33.1x1.5x
Tue, 06 Jun 2023NZ$35.2bNZ$23.0bNZ$1.1b19.5x32.8x1.5x
Thu, 04 May 2023NZ$35.4bNZ$23.3bNZ$1.1b16.7x32.1x1.5x
Sat, 01 Apr 2023NZ$35.1bNZ$23.3bNZ$1.1b17.7x31.9x1.5x
Mon, 27 Feb 2023NZ$35.9bNZ$23.2bNZ$1.1b17.8x32.7x1.5x
Wed, 25 Jan 2023NZ$35.6bNZ$20.7bNZ$763.6m17.9x46.7x1.7x
Fri, 23 Dec 2022NZ$34.5bNZ$20.7bNZ$763.6m17.3x45.2x1.7x
Sun, 20 Nov 2022NZ$34.6bNZ$20.7bNZ$763.7m19.6x45.4x1.7x
Tue, 18 Oct 2022NZ$32.6bNZ$19.9bNZ$673.8m19.9x48.4x1.6x
Thu, 15 Sep 2022NZ$34.5bNZ$19.9bNZ$673.8m22.3x51.2x1.7x
Sat, 13 Aug 2022NZ$35.3bNZ$19.2bNZ$1.0b22.1x34.1x1.8x
Mon, 11 Jul 2022NZ$33.3bNZ$19.2bNZ$1.0b20x32.1x1.7x
Wed, 08 Jun 2022NZ$34.5bNZ$19.2bNZ$1.0b22x33.3x1.8x
Fri, 06 May 2022NZ$34.8bNZ$18.2bNZ$931.0m24.6x37.3x1.9x
Sun, 03 Apr 2022NZ$35.8bNZ$18.1bNZ$931.1m25.9x38.5x2x
Tue, 01 Mar 2022NZ$35.0bNZ$18.1bNZ$931.1m26.1x37.5x1.9x
Thu, 27 Jan 2022NZ$36.0bNZ$18.1bNZ$968.1mn/a37.2x2x
Sat, 25 Dec 2021NZ$37.7bNZ$18.1bNZ$968.1m19.7x39x2.1x
Mon, 22 Nov 2021NZ$38.5bNZ$18.1bNZ$975.2m26.6x39.5x2.1x
Wed, 20 Oct 2021NZ$38.5bNZ$17.4bNZ$910.0m28.4x42.3x2.2x
Price to Earnings Ratio

42.3x


Total Market Cap: NZ$38.5bTotal Earnings: NZ$910.0mTotal Revenue: NZ$17.4bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 33.3x202220232024
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 67.0x which is higher than its 3-year average PE of 33.3x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 Market1.97%
Industrials0.70%
Commercial Services3.45%
Logistics2.00%
Infrastructure0.38%
Building0.28%
Aerospace & Defense0%
Construction0%
Industrials0%
Trade Distributors0%
Airlines0%
Marine and Shipping0%
Machinery-0.95%
Transportation-1.67%
Professional Services-7.82%
Electrical-10.71%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 55.9x.
    • Analysts are expecting annual earnings growth of 23.0%, which is higher than its past year's earnings decline of 37.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 46% over the next 5 years.
  • In contrast, the Machinery 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
MFT MainfreightNZ$73.102.2%
+NZ$161.1m		13.5%PE35.3x
AIA Auckland International AirportNZ$7.470.4%
+NZ$49.6m		-5.0%PE2244.9x
FRW Freightways GroupNZ$9.691.0%
+NZ$17.9m		16.0%PE24.5x
POT Port of TaurangaNZ$6.000.3%
+NZ$13.6m		5.4%PE44.9x
FBU Fletcher BuildingNZ$3.090.3%
+NZ$10.2m		-36.9%PS0.4x
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Latest News

FBU

NZ$3.09

Fletcher Building

7D

0.3%

1Y

-36.9%

THL

NZ$1.77

Tourism Holdings

7D

-1.7%

1Y

-50.8%

Increases to Tourism Holdings Limited's (NZSE:THL) CEO Compensation Might Cool off for now

Oct 10
Increases to Tourism Holdings Limited's (NZSE:THL) CEO Compensation Might Cool off for now

AIA

NZ$7.47

Auckland International Airport

7D

0.4%

1Y

-5.0%

Shareholders May Be More Conservative With Auckland International Airport Limited's (NZSE:AIA) CEO Compensation For Now

Oct 10
Shareholders May Be More Conservative With Auckland International Airport Limited's (NZSE:AIA) CEO Compensation For Now

SCT

NZ$2.00

Scott Technology

7D

-4.8%

1Y

-39.9%

FRW

NZ$9.69

Freightways Group

7D

1.0%

1Y

16.0%

Are Investors Undervaluing Freightways Group Limited (NZSE:FRW) By 37%?

Oct 09
Are Investors Undervaluing Freightways Group Limited (NZSE:FRW) By 37%?

AOF

NZ$0.10

AoFrio

7D

-10.7%

1Y

61.3%

Does AoFrio (NZSE:AOF) Have A Healthy Balance Sheet?

Oct 08
Does AoFrio (NZSE:AOF) Have A Healthy Balance Sheet?

MFT

NZ$73.10

Mainfreight

7D

2.2%

1Y

13.5%

AGL

NZ$0.43

Accordant Group

7D

-10.4%

1Y

-62.6%

MMH

NZ$3.61

Marsden Maritime Holdings

7D

1.4%

1Y

-22.9%

SKL

NZ$4.52

Skellerup Holdings

7D

-0.2%

1Y

-1.7%

SPN

NZ$5.51

South Port New Zealand

7D

-0.7%

1Y

-27.5%

South Port New Zealand (NZSE:SPN) Is Paying Out A Dividend Of NZ$0.2294

Sep 13
South Port New Zealand (NZSE:SPN) Is Paying Out A Dividend Of NZ$0.2294

PYS

NZ$0.21

PaySauce

7D

-6.5%

1Y

10.3%

Most Shareholders Will Probably Agree With PaySauce Limited's (NZSE:PYS) CEO Compensation

Sep 12
Most Shareholders Will Probably Agree With PaySauce Limited's (NZSE:PYS) CEO Compensation

POT

NZ$6.00

Port of Tauranga

7D

0.3%

1Y

5.4%

WCO

NZ$0.03

WasteCo Group

7D

3.4%

1Y

-53.8%

WasteCo Group (NZSE:WCO) Has Debt But No Earnings; Should You Worry?

Aug 19
WasteCo Group (NZSE:WCO) Has Debt But No Earnings; Should You Worry?

MPG

NZ$0.06

Metro Performance Glass

7D

-11.8%

1Y

-56.5%