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New Zealand (NZX) Industrials Sector Analysis

UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies18
  • 7D-1.9%
  • 3M3.5%
  • 1Y1.9%
  • YTD-0.5%

Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from Auckland International Airport of 5.3%. On the other hand Fletcher Building is actually up 5.0%. Over the last year, the industry has been flat overall. 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
Sat, 22 Feb 2025NZ$35.6bNZ$24.2bNZ$451.4m22.1x78.8x1.5x
Mon, 20 Jan 2025NZ$35.7bNZ$24.4bNZ$464.7m22.4x76.9x1.5x
Wed, 18 Dec 2024NZ$34.4bNZ$24.4bNZ$464.7m22.6x74.1x1.4x
Fri, 15 Nov 2024NZ$33.1bNZ$24.2bNZ$471.5m21.8x70.1x1.4x
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
Price to Earnings Ratio

37.5x


Total Market Cap: NZ$35.0bTotal Earnings: NZ$931.1mTotal Revenue: NZ$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 37.5x202320242025
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 80.2x which is higher than its 3-year average PE of 37.4x.
  • 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 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 Market-1.46%
Industrials-1.89%
Commercial Services13.64%
Electrical8.91%
Building5.03%
Aerospace & Defense0%0
Construction0%0
Industrials0%0
Trade Distributors0%0
Marine and Shipping0%0
Transportation-0.53%
Machinery-0.68%
Airlines-0.78%
Logistics-1.66%
Infrastructure-3.41%
Professional Services-6.12%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 69.5x.
    • Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings decline of 22.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 54% 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
FBU Fletcher BuildingNZ$3.345.0%
+NZ$171.0m		-12.1%PS0.5x
POT Port of TaurangaNZ$6.701.8%
+NZ$81.6m		24.1%PE50.2x
FRW Freightways GroupNZ$11.191.9%
+NZ$37.5m		35.3%PE26.8x
SPN South Port New ZealandNZ$5.903.7%
+NZ$5.5m		-9.2%PE15.3x
NPH Napier Port HoldingsNZ$2.740.7%
+NZ$4.0m		12.8%PE22x
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Latest News

AOF

NZ$0.11

AoFrio

7D

8.9%

1Y

71.9%

AIA

NZ$8.10

Auckland International Airport

7D

-5.3%

1Y

-0.4%

SKL

NZ$5.20

Skellerup Holdings

7D

-1.0%

1Y

19.3%

AIR

NZ$0.64

Air New Zealand

7D

-0.8%

1Y

5.8%

FRW

NZ$11.19

Freightways Group

7D

1.9%

1Y

35.3%

FBU

NZ$3.34

Fletcher Building

7D

5.0%

1Y

-12.1%

SPN

NZ$5.90

South Port New Zealand

7D

3.7%

1Y

-9.2%

PYS

NZ$0.20

PaySauce

7D

-8.8%

1Y

-18.3%

MFT

NZ$69.00

Mainfreight

7D

-2.7%

1Y

0.2%

Calculating The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

Feb 04
Calculating The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

MOV

NZ$0.24

MOVE Logistics Group

7D

6.7%

1Y

-43.5%

MOVE Logistics Group Limited's (NZSE:MOV) Share Price Not Quite Adding Up

Feb 03
MOVE Logistics Group Limited's (NZSE:MOV) Share Price Not Quite Adding Up

THL

NZ$1.86

Tourism Holdings

7D

-0.5%

1Y

-46.9%

POT

NZ$6.70

Port of Tauranga

7D

1.8%

1Y

24.1%

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

WCO

NZ$0.025

WasteCo Group

7D

13.6%

1Y

-51.9%

NPH

NZ$2.74

Napier Port Holdings

7D

0.7%

1Y

12.8%

MMH

NZ$3.25

Marsden Maritime Holdings

7D

-3.0%

1Y

-21.7%