New Zealand (NZX) Infrastructure Industry Analysis

Industry Valuation and Performance

Has the New Zealand Infrastructure Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 15 Oct 2024	NZ$17.2b	NZ$1.5b	NZ$131.0m	33.3x	131x	11.6x
Thu, 12 Sep 2024	NZ$15.5b	NZ$1.5b	NZ$131.0m	31.4x	118.2x	10.5x
Sat, 10 Aug 2024	NZ$15.4b	NZ$1.3b	NZ$298.3m	20.6x	51.6x	11.4x
Mon, 08 Jul 2024	NZ$15.7b	NZ$1.3b	NZ$298.3m	21.5x	52.5x	11.6x
Wed, 05 Jun 2024	NZ$15.4b	NZ$1.3b	NZ$292.7m	30.5x	52.5x	11.5x
Fri, 03 May 2024	NZ$15.6b	NZ$1.3b	NZ$292.7m	28.3x	53.2x	11.6x
Sun, 31 Mar 2024	NZ$16.8b	NZ$1.3b	NZ$292.7m	29.5x	57.4x	12.6x
Tue, 27 Feb 2024	NZ$16.5b	NZ$1.3b	NZ$292.7m	29.1x	56.4x	12.3x
Thu, 25 Jan 2024	NZ$17.2b	NZ$1.2b	NZ$196.6m	29.6x	87.6x	14.3x
Sat, 23 Dec 2023	NZ$17.1b	NZ$1.2b	NZ$196.6m	30.6x	86.9x	14.1x
Mon, 20 Nov 2023	NZ$15.9b	NZ$1.2b	NZ$196.6m	27.7x	80.9x	13.2x
Wed, 18 Oct 2023	NZ$16.3b	NZ$1.2b	NZ$197.3m	25.8x	82.6x	13.5x
Fri, 15 Sep 2023	NZ$16.4b	NZ$1.2b	NZ$197.3m	26.4x	83.2x	13.6x
Sun, 13 Aug 2023	NZ$17.3b	NZ$1.0b	NZ$250.6m	23.6x	69.2x	16.7x
Tue, 11 Jul 2023	NZ$17.2b	NZ$1.0b	NZ$250.6m	23.6x	68.8x	16.6x
Thu, 08 Jun 2023	NZ$17.8b	NZ$1.0b	NZ$250.6m	25.5x	71.1x	17.2x
Sat, 06 May 2023	NZ$18.1b	NZ$1.0b	NZ$250.9m	24.2x	72.2x	17.6x
Mon, 03 Apr 2023	NZ$18.0b	NZ$1.0b	NZ$250.9m	25.9x	71.8x	17.6x
Wed, 01 Mar 2023	NZ$18.1b	NZ$1.0b	NZ$250.9m	25.5x	72x	17.6x
Fri, 27 Jan 2023	NZ$17.7b	NZ$838.3m	NZ$349.3m	29.2x	50.7x	21.1x
Sun, 25 Dec 2022	NZ$17.3b	NZ$838.3m	NZ$349.3m	27.6x	49.5x	20.6x
Tue, 22 Nov 2022	NZ$16.9b	NZ$835.3m	NZ$349.6m	26.5x	48.4x	20.3x
Thu, 20 Oct 2022	NZ$15.9b	NZ$835.3m	NZ$349.6m	28x	45.5x	19x
Sat, 17 Sep 2022	NZ$16.7b	NZ$835.3m	NZ$349.6m	29x	47.9x	20x
Mon, 15 Aug 2022	NZ$17.2b	NZ$792.7m	NZ$699.6m	21.9x	24.5x	21.6x
Wed, 13 Jul 2022	NZ$16.1b	NZ$792.7m	NZ$699.6m	19.5x	23x	20.3x
Fri, 10 Jun 2022	NZ$16.8b	NZ$792.7m	NZ$699.6m	22x	24x	21.2x
Sun, 08 May 2022	NZ$16.6b	NZ$794.6m	NZ$701.2m	22x	23.7x	20.9x
Tue, 05 Apr 2022	NZ$16.5b	NZ$794.6m	NZ$701.2m	21.9x	23.5x	20.8x
Thu, 03 Mar 2022	NZ$16.1b	NZ$794.6m	NZ$701.2m	22.2x	23x	20.3x
Sat, 29 Jan 2022	NZ$16.2b	NZ$770.7m	NZ$614.7m	20.4x	26.4x	21x
Mon, 27 Dec 2021	NZ$16.8b	NZ$770.7m	NZ$614.7m	24.1x	27.4x	21.8x
Wed, 24 Nov 2021	NZ$17.2b	NZ$770.7m	NZ$614.7m	21.7x	27.9x	22.3x
Fri, 22 Oct 2021	NZ$17.3b	NZ$768.1m	NZ$613.7m	24.9x	28.2x	22.5x

Current Industry PE

Investors are optimistic on the New Zealander Infrastructure industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 131x which is higher than its 3-year average PE of 56.0x.

The 3-year average PS ratio of 17.1x is higher than the industry's current PS ratio of 11.6x.

Past Earnings Growth

The earnings for companies in the Infrastructure industry have declined 40% per year over the last three years.
Meanwhile revenues for these companies have grown 24% 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 industry?


NZ Market	1.97%
Industrials	0.70%
Infrastructure	0.38%
Airport Services	0.40%
Marine Ports and Services	0.30%
Highways and Railtracks	0%

Industry PE

Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio of 198x.

Analysts are expecting annual earnings growth of 27.4%, which is higher than its past year's earnings decline of 87.3% per year.

Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 33.1x.

Forecasted Growth

Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 27% over the next 5 years.
This is better than its past earnings decline of 87% per year.