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New Zealand (NZX) Industrials Sector Analysis

UpdatedJul 13, 2025
DataAggregated Company Financials
Companies17
  • 7D-1.8%
  • 3M1.4%
  • 1Y-0.2%
  • YTD-5.3%

Over the last 7 days, the Industrials industry has dropped 1.8%, driven by declines in Mainfreight and Auckland International Airport of 4.2% and 1.8%, respectively. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Jul 2025NZ$33.6bNZ$24.5bNZ$545.1m21.8x61.6x1.4x
Tue, 10 Jun 2025NZ$34.6bNZ$24.5bNZ$549.0m23.3x63.1x1.4x
Thu, 08 May 2025NZ$33.7bNZ$24.2bNZ$451.0m20.4x74.7x1.4x
Sat, 05 Apr 2025NZ$33.8bNZ$24.2bNZ$451.1m19.9x75x1.4x
Mon, 03 Mar 2025NZ$35.8bNZ$24.2bNZ$451.1m21.6x79.4x1.5x
Wed, 29 Jan 2025NZ$35.8bNZ$24.4bNZ$464.7m22.1x76.9x1.5x
Fri, 27 Dec 2024NZ$35.5bNZ$24.4bNZ$464.7m22.6x76.3x1.5x
Sun, 24 Nov 2024NZ$34.2bNZ$24.4bNZ$463.6m24.3x73.8x1.4x
Tue, 22 Oct 2024NZ$33.4bNZ$24.2bNZ$474.2m21.5x70.5x1.4x
Thu, 19 Sep 2024NZ$30.2bNZ$24.2bNZ$478.4m21.5x63.1x1.2x
Sat, 17 Aug 2024NZ$31.4bNZ$24.8bNZ$996.0m21.4x31.5x1.3x
Mon, 15 Jul 2024NZ$41.6bNZ$28.0bNZ$1.9b19.4x22.5x1.5x
Wed, 12 Jun 2024NZ$38.3bNZ$28.0bNZ$1.9b19.5x20.7x1.4x
Fri, 10 May 2024NZ$39.1bNZ$27.4bNZ$2.6b18.7x15x1.4x
Sun, 07 Apr 2024NZ$41.4bNZ$27.4bNZ$2.6b21.1x15.8x1.5x
Tue, 05 Mar 2024NZ$40.9bNZ$27.5bNZ$2.6b21.4x15.6x1.5x
Thu, 01 Feb 2024NZ$42.7bNZ$26.8bNZ$2.8b19.2x15.2x1.6x
Sat, 30 Dec 2023NZ$42.7bNZ$26.7bNZ$2.8b19.4x15.2x1.6x
Mon, 27 Nov 2023NZ$40.9bNZ$26.7bNZ$2.8b19.2x14.5x1.5x
Wed, 25 Oct 2023NZ$39.3bNZ$26.9bNZ$1.8b18.6x22.4x1.5x
Fri, 22 Sep 2023NZ$41.2bNZ$26.8bNZ$1.8b17.7x23.4x1.5x
Sun, 20 Aug 2023NZ$42.1bNZ$24.6bNZ$1.3b19.5x33.2x1.7x
Tue, 18 Jul 2023NZ$35.2bNZ$23.0bNZ$1.1b19.3x32.9x1.5x
Thu, 15 Jun 2023NZ$35.0bNZ$23.0bNZ$1.1b19x32.6x1.5x
Sat, 13 May 2023NZ$35.6bNZ$23.3bNZ$1.1b16.6x32.3x1.5x
Mon, 10 Apr 2023NZ$35.0bNZ$23.3bNZ$1.1b17.5x31.9x1.5x
Wed, 08 Mar 2023NZ$35.6bNZ$23.3bNZ$1.1b17.8x32.4x1.5x
Fri, 03 Feb 2023NZ$36.4bNZ$20.7bNZ$763.6m17.9x47.6x1.8x
Sun, 01 Jan 2023NZ$33.7bNZ$20.7bNZ$763.6m17.4x44.2x1.6x
Tue, 29 Nov 2022NZ$34.5bNZ$20.7bNZ$763.4m17.8x45.2x1.7x
Thu, 27 Oct 2022NZ$34.0bNZ$19.9bNZ$676.9m20.3x50.2x1.7x
Sat, 24 Sep 2022NZ$34.0bNZ$19.9bNZ$673.8m21.9x50.5x1.7x
Mon, 22 Aug 2022NZ$35.2bNZ$19.5bNZ$764.4m21.9x46x1.8x
Wed, 20 Jul 2022NZ$33.0bNZ$19.2bNZ$1.0b20.1x31.9x1.7x
Price to Earnings Ratio

31.9x


Total Market Cap: NZ$33.0bTotal Earnings: NZ$1.0bTotal Revenue: NZ$19.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 42.1x202320242025
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 61.6x which is higher than its 3-year average PE of 42.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% 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-0.58%
Industrials-1.82%
Machinery2.42%
Airlines1.72%
Electrical0%0
Industrials0%0
Commercial Services0%0
Professional Services-0.24%
Building-0.66%
Infrastructure-1.76%
Logistics-3.43%
Transportation-6.82%
Industry PE
  • Investors are most optimistic about the Infrastructure industry, which is trading close to its 3-year average PE ratio of 77.6x.
    • Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings growth of 3.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 53% over the next 5 years.
  • In contrast, the Logistics industry is expected to see its earnings grow by 9.2% 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
AIR Air New ZealandNZ$0.591.7%
+NZ$33.0m		9.3%PE15.8x
SKL Skellerup HoldingsNZ$4.953.1%
+NZ$29.4m		15.7%PE19.6x
SPN South Port New ZealandNZ$7.101.4%
+NZ$2.6m		17.2%PE18.4x
PYS PaySauceNZ$0.205.3%
+NZ$1.4m		-16.7%PE42.2x

Latest News

AIR
NZ$0.59
Air New Zealand
7D
1.7%
1Y
9.3%
THL
NZ$2.05
Tourism Holdings
7D
-6.8%
1Y
5.7%
AIA
NZ$7.47
Auckland International Airport
7D
-1.8%
1Y
-5.3%

Is Auckland International Airport Limited (NZSE:AIA) Worth NZ$7.5 Based On Its Intrinsic Value?

Jul 09
Is Auckland International Airport Limited (NZSE:AIA) Worth NZ$7.5 Based On Its Intrinsic Value?
SCT
NZ$2.04
Scott Technology
7D
-1.4%
1Y
-16.0%
PYS
NZ$0.20
PaySauce
7D
5.3%
1Y
-16.7%
MFT
NZ$64.01
Mainfreight
7D
-4.2%
1Y
-16.8%
FRW
NZ$11.20
Freightways Group
7D
-1.0%
1Y
33.3%
FBU
NZ$3.06
Fletcher Building
7D
-0.6%
1Y
-2.5%
SPN
NZ$7.10
South Port New Zealand
7D
1.4%
1Y
17.2%

Unpleasant Surprises Could Be In Store For South Port New Zealand Limited's (NZSE:SPN) Shares

Jun 30
Unpleasant Surprises Could Be In Store For South Port New Zealand Limited's (NZSE:SPN) Shares
POT
NZ$6.99
Port of Tauranga
7D
-1.8%
1Y
28.3%
NPH
NZ$3.26
Napier Port Holdings
7D
-0.6%
1Y
41.7%
SKL
NZ$4.95
Skellerup Holdings
7D
3.1%
1Y
15.7%