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Sep 20
New Zealand (NZX) Industrials Sector Analysis
UpdatedSep 28, 2023
DataAggregated Company Financials
Companies19
- 7D-0.3%
- 3M-5.7%
- 1Y0.5%
- YTD-0.5%
In the last week, Industrials has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 28 Sep 2023 | NZ$41.1b | NZ$26.8b | NZ$1.8b | 18x | 23.3x | 1.5x |
| Sat, 26 Aug 2023 | NZ$41.6b | NZ$24.9b | NZ$1.2b | 18.8x | 33.9x | 1.7x |
| Mon, 24 Jul 2023 | NZ$35.2b | NZ$23.0b | NZ$1.1b | 19.3x | 32.8x | 1.5x |
| Wed, 21 Jun 2023 | NZ$35.3b | NZ$23.0b | NZ$1.1b | 19.6x | 32.8x | 1.5x |
| Fri, 19 May 2023 | NZ$35.7b | NZ$23.3b | NZ$1.1b | 17.1x | 32.4x | 1.5x |
| Sun, 16 Apr 2023 | NZ$35.4b | NZ$23.3b | NZ$1.1b | 16.8x | 32.1x | 1.5x |
| Tue, 14 Mar 2023 | NZ$35.1b | NZ$23.3b | NZ$1.1b | 18.5x | 32x | 1.5x |
| Thu, 09 Feb 2023 | NZ$36.4b | NZ$20.7b | NZ$763.6m | 17.7x | 47.7x | 1.8x |
| Sat, 07 Jan 2023 | NZ$34.1b | NZ$20.7b | NZ$763.6m | 17x | 44.6x | 1.6x |
| Mon, 05 Dec 2022 | NZ$35.0b | NZ$20.7b | NZ$763.6m | 17.9x | 45.8x | 1.7x |
| Wed, 02 Nov 2022 | NZ$34.6b | NZ$19.9b | NZ$677.4m | 21.3x | 51.1x | 1.7x |
| Fri, 30 Sep 2022 | NZ$33.3b | NZ$19.9b | NZ$673.8m | 21.3x | 49.4x | 1.7x |
| Sun, 28 Aug 2022 | NZ$35.3b | NZ$19.9b | NZ$674.7m | 22.6x | 52.3x | 1.8x |
| Tue, 26 Jul 2022 | NZ$32.8b | NZ$19.2b | NZ$1.0b | 20.9x | 31.7x | 1.7x |
| Thu, 23 Jun 2022 | NZ$31.9b | NZ$19.2b | NZ$1.0b | 20.8x | 30.8x | 1.7x |
| Sat, 21 May 2022 | NZ$34.2b | NZ$18.2b | NZ$931.0m | 23.3x | 36.8x | 1.9x |
| Mon, 18 Apr 2022 | NZ$34.9b | NZ$18.2b | NZ$931.0m | 25.1x | 37.5x | 1.9x |
| Wed, 16 Mar 2022 | NZ$34.3b | NZ$18.1b | NZ$931.1m | 24.1x | 36.8x | 1.9x |
| Fri, 11 Feb 2022 | NZ$36.8b | NZ$18.1b | NZ$967.9m | 18x | 38x | 2x |
| Sun, 09 Jan 2022 | NZ$38.5b | NZ$18.1b | NZ$968.1m | 29.6x | 39.8x | 2.1x |
| Tue, 07 Dec 2021 | NZ$38.0b | NZ$18.1b | NZ$968.1m | 20.2x | 39.3x | 2.1x |
| Thu, 04 Nov 2021 | NZ$38.2b | NZ$17.4b | NZ$916.3m | 25.5x | 41.7x | 2.2x |
| Sat, 02 Oct 2021 | NZ$39.0b | NZ$17.4b | NZ$910.0m | 28.8x | 42.9x | 2.2x |
| Mon, 30 Aug 2021 | NZ$37.9b | NZ$17.5b | NZ$905.1m | 26.6x | 41.8x | 2.2x |
| Tue, 06 Jul 2021 | NZ$36.2b | NZ$17.5b | NZ$905.1m | 24.3x | 40x | 2.1x |
| Fri, 09 Apr 2021 | NZ$36.2b | NZ$17.3b | NZ$307.4m | 33.5x | 117.7x | 2.1x |
| Thu, 31 Dec 2020 | NZ$34.4b | NZ$17.0b | -NZ$347,281,408.00 | 32.3x | -99.1x | 2x |
| Sun, 04 Oct 2020 | NZ$28.7b | NZ$17.8b | -NZ$276,046,408.00 | 26.8x | -104.1x | 1.6x |
Price to Earnings Ratio
-104.1x
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 23.3x which is higher than its 3-year average PE of 21.0x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the New Zealand Industrials sector?
| NZ Market | -0.57% | |
| Industrials | -0.27% | |
| Industrials | 1.39% | |
| Aerospace & Defense | 0% | |
| Construction | 0% | |
| Trade Distributors | 0% | |
| Airlines | 0% | |
| Marine and Shipping | 0% | |
| Professional Services | -0.032% | |
| Infrastructure | -0.19% | |
| Logistics | -1.05% | |
| Machinery | -1.08% | |
| Transportation | -1.35% | |
| Commercial Services | -1.52% | |
| Building | -2.33% | |
| Electrical | -2.99% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 48.6x.
- Analysts are expecting annual earnings growth of 21.4%, which is higher than its past year's earnings decline of 16.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Airlines 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 | |
|---|---|---|---|---|---|
| POT Port of Tauranga | NZ$5.86 | 0.3% +NZ$13.6m | -8.3% | PE34x | |
| WCO WasteCo Group | NZ$0.068 | 1.5% +NZ$833.0k | n/a | PS1.6x | |
| AGL Accordant Group | NZ$1.20 | 1.7% +NZ$676.2k | -34.1% | PE20.5x |
