Accordant Group (NZSE:AGL) Is Paying Out A Dividend Of NZ$0.065
Nov 16
New Zealand (NZX) Industrials Sector Analysis
UpdatedDec 06, 2022
DataAggregated Company Financials
Companies16
- 7D0.3%
- 3M0.3%
- 1Y-15.4%
- YTD-18.2%
In the last week, Industrials has been flat. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the New Zealand Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 06 Dec 2022 | NZ$35.0b | NZ$20.7b | NZ$763.6m | 17.9x | 45.8x | 1.7x |
| Thu, 03 Nov 2022 | NZ$34.7b | NZ$19.9b | NZ$677.4m | 21.8x | 51.2x | 1.7x |
| Sat, 01 Oct 2022 | NZ$32.7b | NZ$19.9b | NZ$673.8m | 21x | 48.6x | 1.6x |
| Mon, 29 Aug 2022 | NZ$35.3b | NZ$19.9b | NZ$673.8m | 22.2x | 52.3x | 1.8x |
| Wed, 27 Jul 2022 | NZ$32.7b | NZ$19.2b | NZ$1.0b | 20.7x | 31.6x | 1.7x |
| Fri, 24 Jun 2022 | NZ$32.2b | NZ$19.2b | NZ$1.0b | 20.6x | 31x | 1.7x |
| Sun, 22 May 2022 | NZ$34.2b | NZ$18.2b | NZ$931.0m | 23.3x | 36.8x | 1.9x |
| Tue, 19 Apr 2022 | NZ$34.9b | NZ$18.2b | NZ$931.0m | 25.1x | 37.5x | 1.9x |
| Thu, 17 Mar 2022 | NZ$34.2b | NZ$18.1b | NZ$931.1m | 24.5x | 36.7x | 1.9x |
| Sat, 12 Feb 2022 | NZ$36.6b | NZ$18.1b | NZ$967.9m | 19.3x | 37.8x | 2x |
| Mon, 10 Jan 2022 | NZ$38.5b | NZ$18.1b | NZ$968.1m | 29.6x | 39.8x | 2.1x |
| Wed, 08 Dec 2021 | NZ$38.0b | NZ$18.1b | NZ$968.1m | 20.2x | 39.3x | 2.1x |
| Fri, 05 Nov 2021 | NZ$38.1b | NZ$17.4b | NZ$916.3m | 25.9x | 41.6x | 2.2x |
| Sun, 03 Oct 2021 | NZ$39.0b | NZ$17.4b | NZ$910.0m | 28.8x | 42.9x | 2.2x |
| Tue, 31 Aug 2021 | NZ$38.2b | NZ$17.5b | NZ$905.1m | 26.5x | 42.2x | 2.2x |
| Wed, 07 Jul 2021 | NZ$36.2b | NZ$17.5b | NZ$905.1m | 24.3x | 40x | 2.1x |
| Sat, 10 Apr 2021 | NZ$36.2b | NZ$17.3b | NZ$307.4m | 33.5x | 117.7x | 2.1x |
| Fri, 01 Jan 2021 | NZ$34.4b | NZ$17.0b | -NZ$347,281,408.00 | 32.3x | -99.1x | 2x |
| Mon, 05 Oct 2020 | NZ$28.7b | NZ$17.8b | -NZ$276,046,408.00 | 26.8x | -104.1x | 1.6x |
| Thu, 09 Jul 2020 | NZ$26.8b | NZ$18.7b | -NZ$153,087,408.00 | 25.1x | -175.1x | 1.4x |
| Wed, 01 Apr 2020 | NZ$20.1b | NZ$19.7b | NZ$545.1m | 16.9x | 36.9x | 1x |
| Sat, 04 Jan 2020 | NZ$31.9b | NZ$20.7b | NZ$1.3b | 24.9x | 24.7x | 1.5x |
Price to Earnings Ratio
24.7x
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 45.8x which is higher than its 3-year average PE of 2.3x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 16% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Market | 2.08% | |
| Industrials | 0.32% | |
| Transportation | 3.35% | |
| Professional Services | 2.34% | |
| Airlines | 0.65% | |
| Infrastructure | 0.58% | |
| Machinery | 0.31% | |
| Logistics | 0.025% | |
| Aerospace & Defense | 0% | |
| Construction | 0% | |
| Electrical | 0% | |
| Industrials | 0% | |
| Trade Distributors | 0% | |
| Commercial Services | 0% | |
| Marine and Shipping | 0% | |
| Building | -0.92% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 40.0x.
- Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings decline of 8.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 60% over the next 5 years.
- In contrast, the Building industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| THL Tourism Holdings | NZ$3.63 | -1.6% NZ$200.0m | 26.0% | PS2.2x | |
| FBU Fletcher Building | NZ$5.04 | 1.8% +NZ$70.0m | -29.8% | PE9.1x | |
| SCT Scott Technology | NZ$2.70 | 1.9% +NZ$4.0m | -28.2% | PE17.2x | |
| AGL Accordant Group | NZ$1.79 | 2.3% +NZ$1.4m | -3.2% | PE17x | |
| SPN South Port New Zealand | NZ$8.16 | 0.1% +NZ$262.3k | -8.3% | PE16.7x |