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New Zealand (NZX) Industrials Sector Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies18
  • 7D1.5%
  • 3M7.6%
  • 1Y-3.2%
  • YTD0.2%

In the last week, the Industrials industry is up 1.5%, with Auckland International Airport up 3.7%. In the past year, the industry is down 3.2%. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jan 2025NZ$35.7bNZ$24.4bNZ$464.7m22.1x76.9x1.5x
Fri, 20 Dec 2024NZ$35.0bNZ$24.4bNZ$464.7m22.2x75.3x1.4x
Sun, 17 Nov 2024NZ$33.1bNZ$24.4bNZ$461.6m21.8x71.6x1.4x
Tue, 15 Oct 2024NZ$32.8bNZ$24.2bNZ$478.4m22x68.6x1.4x
Thu, 12 Sep 2024NZ$30.3bNZ$24.2bNZ$478.4m22.1x63.3x1.2x
Sat, 10 Aug 2024NZ$30.2bNZ$24.8bNZ$998.1m20.6x30.3x1.2x
Mon, 08 Jul 2024NZ$39.9bNZ$28.0bNZ$1.9b18.9x21.6x1.4x
Wed, 05 Jun 2024NZ$38.8bNZ$28.0bNZ$1.8b19.5x21x1.4x
Fri, 03 May 2024NZ$39.8bNZ$27.4bNZ$2.6b20.2x15.2x1.4x
Sun, 31 Mar 2024NZ$41.7bNZ$27.4bNZ$2.6b19.5x16x1.5x
Tue, 27 Feb 2024NZ$40.6bNZ$27.5bNZ$2.6b20.9x15.5x1.5x
Thu, 25 Jan 2024NZ$42.8bNZ$26.8bNZ$2.8b19.4x15.2x1.6x
Sat, 23 Dec 2023NZ$42.0bNZ$26.7bNZ$2.8b19.2x14.9x1.6x
Mon, 20 Nov 2023NZ$40.2bNZ$26.7bNZ$2.8b18.6x14.2x1.5x
Wed, 18 Oct 2023NZ$41.3bNZ$26.8bNZ$1.8b17.7x23.5x1.5x
Fri, 15 Sep 2023NZ$41.3bNZ$26.8bNZ$1.8b17.9x23.5x1.5x
Sun, 13 Aug 2023NZ$42.9bNZ$24.9bNZ$1.4b18.8x30.9x1.7x
Tue, 11 Jul 2023NZ$35.1bNZ$23.0bNZ$1.1b19x32.7x1.5x
Thu, 08 Jun 2023NZ$35.1bNZ$23.0bNZ$1.1b19.1x32.7x1.5x
Sat, 06 May 2023NZ$35.5bNZ$23.3bNZ$1.1b16.7x32.3x1.5x
Mon, 03 Apr 2023NZ$35.1bNZ$23.3bNZ$1.1b17.7x31.9x1.5x
Wed, 01 Mar 2023NZ$35.9bNZ$23.2bNZ$1.1b17.8x32.6x1.5x
Fri, 27 Jan 2023NZ$35.8bNZ$20.7bNZ$763.6m17.8x46.9x1.7x
Sun, 25 Dec 2022NZ$34.3bNZ$20.7bNZ$763.6m17.3x44.9x1.7x
Tue, 22 Nov 2022NZ$34.7bNZ$20.7bNZ$763.7m19.3x45.4x1.7x
Thu, 20 Oct 2022NZ$32.8bNZ$19.9bNZ$676.9m19.4x48.4x1.6x
Sat, 17 Sep 2022NZ$34.3bNZ$19.9bNZ$673.8m22x50.9x1.7x
Mon, 15 Aug 2022NZ$35.3bNZ$19.2bNZ$1.0b22.1x34.1x1.8x
Wed, 13 Jul 2022NZ$32.9bNZ$19.2bNZ$1.0b20.1x31.8x1.7x
Fri, 10 Jun 2022NZ$34.5bNZ$19.2bNZ$1.0b22.1x33.3x1.8x
Sun, 08 May 2022NZ$34.3bNZ$18.2bNZ$931.0m24.2x36.8x1.9x
Tue, 05 Apr 2022NZ$34.9bNZ$18.1bNZ$931.1m25.2x37.5x1.9x
Thu, 03 Mar 2022NZ$35.6bNZ$18.1bNZ$931.1m26x38.3x2x
Sat, 29 Jan 2022NZ$35.9bNZ$18.1bNZ$968.1m20.4x37.1x2x
Price to Earnings Ratio

37.1x


Total Market Cap: NZ$35.9bTotal Earnings: NZ$968.1mTotal Revenue: NZ$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 36.4x202320242025
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 76.9x which is higher than its 3-year average PE of 36.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 22% 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 Market1.72%
Industrials1.51%
Electrical7.00%
Airlines3.39%
Transportation3.05%
Building2.85%
Infrastructure2.36%
Aerospace & Defense0%0
Construction0%0
Industrials0%0
Machinery0%0
Trade Distributors0%0
Commercial Services0%0
Marine and Shipping0%0
Logistics-0.98%
Professional Services-4.01%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 66.0x.
    • Analysts are expecting annual earnings growth of 23.5%, 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
AIA Auckland International AirportNZ$8.763.7%
+NZ$521.4m		2.1%PE2678.7x
FBU Fletcher BuildingNZ$2.901.8%
+NZ$53.4m		-38.7%PS0.4x
AIR Air New ZealandNZ$0.612.5%
+NZ$50.5m		-5.4%PE14.1x
FRW Freightways GroupNZ$10.601.9%
+NZ$35.8m		26.2%PE26.8x
THL Tourism HoldingsNZ$2.001.0%
+NZ$4.4m		-45.9%PE11.2x
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Latest News

THL

NZ$2.00

Tourism Holdings

7D

1.0%

1Y

-45.9%

AIR

NZ$0.61

Air New Zealand

7D

2.5%

1Y

-5.4%

POT

NZ$6.20

Port of Tauranga

7D

-2.4%

1Y

14.6%

Port of Tauranga (NZSE:POT) Might Be Having Difficulty Using Its Capital Effectively

Jan 20
Port of Tauranga (NZSE:POT) Might Be Having Difficulty Using Its Capital Effectively

PYS

NZ$0.20

PaySauce

7D

-4.8%

1Y

-16.7%

FBU

NZ$2.90

Fletcher Building

7D

1.8%

1Y

-38.7%

AIA

NZ$8.76

Auckland International Airport

7D

3.7%

1Y

2.1%

FRW

NZ$10.60

Freightways Group

7D

1.9%

1Y

26.2%

MFT

NZ$70.60

Mainfreight

7D

-1.3%

1Y

-0.3%

Why Investors Shouldn't Be Surprised By Mainfreight Limited's (NZSE:MFT) P/E

Jan 01
Why Investors Shouldn't Be Surprised By Mainfreight Limited's (NZSE:MFT) P/E

AOF

NZ$0.11

AoFrio

7D

2.9%

1Y

39.5%

Why Investors Shouldn't Be Surprised By AoFrio Limited's (NZSE:AOF) Low P/S

Dec 11
Why Investors Shouldn't Be Surprised By AoFrio Limited's (NZSE:AOF) Low P/S

SCT

NZ$2.28

Scott Technology

7D

-0.4%

1Y

-29.8%

AGL

NZ$0.47

Accordant Group

7D

-2.1%

1Y

-50.5%

MOV

NZ$0.21

MOVE Logistics Group

7D

13.2%

1Y

-57.0%

SPN

NZ$5.85

South Port New Zealand

7D

1.7%

1Y

-19.9%

MMH

NZ$3.23

Marsden Maritime Holdings

7D

-1.2%

1Y

-25.1%