What Does Freightways Group Limited's (NZSE:FRW) Share Price Indicate?
Dec 17
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New Zealand (NZX) Industrials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies18
- 7D0.7%
- 3M9.4%
- 1Y-5.0%
- YTD-5.8%
In the last week, Industrials has been flat. As for the longer term, the industry has declined 5.0% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | NZ$34.5b | NZ$24.4b | NZ$464.7m | 22.2x | 74.2x | 1.4x |
| Mon, 18 Nov 2024 | NZ$33.1b | NZ$24.4b | NZ$461.6m | 21.8x | 71.6x | 1.4x |
| Wed, 16 Oct 2024 | NZ$33.2b | NZ$24.2b | NZ$478.4m | 21.6x | 69.4x | 1.4x |
| Fri, 13 Sep 2024 | NZ$30.5b | NZ$24.2b | NZ$478.4m | 22.2x | 63.7x | 1.3x |
| Sun, 11 Aug 2024 | NZ$30.2b | NZ$24.8b | NZ$998.1m | 20.6x | 30.3x | 1.2x |
| Tue, 09 Jul 2024 | NZ$39.8b | NZ$28.0b | NZ$1.9b | 18.9x | 21.5x | 1.4x |
| Thu, 06 Jun 2024 | NZ$39.0b | NZ$28.0b | NZ$1.8b | 19.4x | 21.1x | 1.4x |
| Sat, 04 May 2024 | NZ$39.8b | NZ$27.4b | NZ$2.6b | 19.8x | 15.3x | 1.5x |
| Mon, 01 Apr 2024 | NZ$41.7b | NZ$27.4b | NZ$2.6b | 19.5x | 16x | 1.5x |
| Wed, 28 Feb 2024 | NZ$40.6b | NZ$27.5b | NZ$2.6b | 20.8x | 15.5x | 1.5x |
| Fri, 26 Jan 2024 | NZ$42.8b | NZ$26.8b | NZ$2.8b | 19.5x | 15.2x | 1.6x |
| Sun, 24 Dec 2023 | NZ$42.0b | NZ$26.7b | NZ$2.8b | 19.2x | 14.9x | 1.6x |
| Tue, 21 Nov 2023 | NZ$40.2b | NZ$26.7b | NZ$2.8b | 18.6x | 14.2x | 1.5x |
| Thu, 19 Oct 2023 | NZ$40.8b | NZ$26.9b | NZ$1.8b | 18.3x | 23.2x | 1.5x |
| Sat, 16 Sep 2023 | NZ$41.3b | NZ$26.8b | NZ$1.8b | 17.9x | 23.5x | 1.5x |
| Mon, 14 Aug 2023 | NZ$42.9b | NZ$24.9b | NZ$1.4b | 18.8x | 30.9x | 1.7x |
| Wed, 12 Jul 2023 | NZ$35.1b | NZ$23.0b | NZ$1.1b | 19.2x | 32.7x | 1.5x |
| Fri, 09 Jun 2023 | NZ$35.1b | NZ$23.0b | NZ$1.1b | 19.4x | 32.6x | 1.5x |
| Sun, 07 May 2023 | NZ$35.5b | NZ$23.3b | NZ$1.1b | 16.7x | 32.3x | 1.5x |
| Tue, 04 Apr 2023 | NZ$35.3b | NZ$23.3b | NZ$1.1b | 17.7x | 32.1x | 1.5x |
| Thu, 02 Mar 2023 | NZ$35.9b | NZ$23.2b | NZ$1.1b | 17.8x | 32.6x | 1.5x |
| Sat, 28 Jan 2023 | NZ$36.1b | NZ$20.7b | NZ$763.6m | 17.9x | 47.2x | 1.7x |
| Mon, 26 Dec 2022 | NZ$34.3b | NZ$20.7b | NZ$763.6m | 17.3x | 44.9x | 1.7x |
| Wed, 23 Nov 2022 | NZ$34.9b | NZ$20.7b | NZ$763.7m | 19.3x | 45.7x | 1.7x |
| Fri, 21 Oct 2022 | NZ$32.9b | NZ$19.9b | NZ$676.9m | 19.7x | 48.6x | 1.7x |
| Sun, 18 Sep 2022 | NZ$34.3b | NZ$19.9b | NZ$673.8m | 22x | 50.9x | 1.7x |
| Tue, 16 Aug 2022 | NZ$35.6b | NZ$19.2b | NZ$1.0b | 22.2x | 34.4x | 1.9x |
| Thu, 14 Jul 2022 | NZ$32.6b | NZ$19.2b | NZ$1.0b | 19.9x | 31.5x | 1.7x |
| Sat, 11 Jun 2022 | NZ$33.9b | NZ$19.2b | NZ$1.0b | 22.3x | 32.7x | 1.8x |
| Mon, 09 May 2022 | NZ$34.3b | NZ$18.2b | NZ$931.0m | 24.2x | 36.8x | 1.9x |
| Wed, 06 Apr 2022 | NZ$35.3b | NZ$18.1b | NZ$931.1m | 25.5x | 37.9x | 1.9x |
| Fri, 04 Mar 2022 | NZ$35.2b | NZ$18.1b | NZ$931.1m | 26x | 37.8x | 1.9x |
| Sun, 30 Jan 2022 | NZ$35.9b | NZ$18.1b | NZ$968.1m | 20.4x | 37.1x | 2x |
| Tue, 28 Dec 2021 | NZ$37.9b | NZ$18.1b | NZ$968.1m | 26.5x | 39.1x | 2.1x |
Price to Earnings Ratio
39.1x
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 74.2x which is higher than its 3-year average PE of 35.3x.
- The 3-year average PS ratio of 1.6x 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 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 Market | 1.15% | |
| Industrials | 0.75% | |
| Commercial Services | 27.27% | |
| Transportation | 5.10% | |
| Airlines | 1.77% | |
| Infrastructure | 1.21% | |
| Logistics | 0.47% | |
| Professional Services | 0.44% | |
| Aerospace & Defense | 0% | |
| Construction | 0% | |
| Industrials | 0% | |
| Trade Distributors | 0% | |
| Marine and Shipping | 0% | |
| Machinery | -0.84% | |
| Electrical | -1.00% | |
| Building | -2.03% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 62.6x.
- Analysts are expecting annual earnings growth of 23.3%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIA Auckland International Airport | NZ$8.30 | 1.2% +NZ$168.2m | -2.6% | PE2538x | |
| POT Port of Tauranga | NZ$6.64 | 1.4% +NZ$61.2m | 24.6% | PE49.7x | |
| MFT Mainfreight | NZ$71.50 | 0.7% +NZ$47.3m | 3.6% | PE36.2x | |
| AIR Air New Zealand | NZ$0.57 | 1.8% +NZ$33.7m | -8.7% | PE13.3x | |
| THL Tourism Holdings | NZ$2.06 | 5.1% +NZ$22.0m | -45.8% | PE11.5x |
