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New Zealand (NZX) Infrastructure Industry Analysis

UpdatedDec 01, 2023
DataAggregated Company Financials
Companies5
  • 7D-0.8%
  • 3M-3.1%
  • 1Y-6.1%
  • YTD-5.0%

Over the last 7 days, the Infrastructure industry has remained flat. As for the longer term, the industry has declined 6.1% in the last year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Dec 2023NZ$16.2bNZ$1.2bNZ$197.3m28.3x82x13.4x
Sun, 29 Oct 2023NZ$15.2bNZ$1.2bNZ$197.3m25x77.3x12.6x
Tue, 26 Sep 2023NZ$16.3bNZ$1.2bNZ$197.3m26.9x82.6x13.5x
Thu, 24 Aug 2023NZ$17.0bNZ$1.0bNZ$247.8m26.5x68.5x16.5x
Sat, 22 Jul 2023NZ$17.3bNZ$1.0bNZ$250.6m24.1x69x16.7x
Mon, 19 Jun 2023NZ$17.8bNZ$1.0bNZ$250.6m23.8x71.1x17.2x
Wed, 17 May 2023NZ$18.3bNZ$1.0bNZ$250.9m23.8x72.8x17.8x
Fri, 14 Apr 2023NZ$17.9bNZ$1.0bNZ$250.9m24.4x71.3x17.4x
Sun, 12 Mar 2023NZ$17.8bNZ$1.0bNZ$250.9m27.1x71.1x17.4x
Tue, 07 Feb 2023NZ$18.0bNZ$838.3mNZ$349.3m28.8x51.5x21.4x
Thu, 05 Jan 2023NZ$17.0bNZ$838.3mNZ$349.3m28.1x48.8x20.3x
Sat, 03 Dec 2022NZ$17.3bNZ$838.3mNZ$349.3m27.1x49.4x20.6x
Mon, 31 Oct 2022NZ$16.4bNZ$835.3mNZ$349.6m27.4x46.9x19.6x
Wed, 28 Sep 2022NZ$16.3bNZ$835.3mNZ$349.6m28.5x46.7x19.5x
Fri, 26 Aug 2022NZ$16.7bNZ$818.6mNZ$347.3m27.6x48.1x20.4x
Sun, 24 Jul 2022NZ$16.3bNZ$792.7mNZ$699.6m19.8x23.3x20.6x
Tue, 21 Jun 2022NZ$15.8bNZ$792.7mNZ$699.6m21.7x22.5x19.9x
Thu, 19 May 2022NZ$16.0bNZ$794.6mNZ$701.2m22.4x22.9x20.2x
Sat, 16 Apr 2022NZ$16.8bNZ$794.6mNZ$701.2m22.2x23.9x21.1x
Mon, 14 Mar 2022NZ$15.8bNZ$794.6mNZ$701.2m21.1x22.5x19.9x
Wed, 09 Feb 2022NZ$16.4bNZ$770.7mNZ$614.7m20.2x26.7x21.3x
Fri, 07 Jan 2022NZ$17.3bNZ$770.7mNZ$614.7mn/a28.1x22.4x
Sun, 05 Dec 2021NZ$17.3bNZ$770.7mNZ$614.7m24.8x28.2x22.5x
Tue, 02 Nov 2021NZ$17.4bNZ$768.1mNZ$613.7m25x28.4x22.7x
Thu, 30 Sep 2021NZ$17.1bNZ$768.1mNZ$613.7m24.4x27.9x22.3x
Sat, 28 Aug 2021NZ$16.5bNZ$768.1mNZ$613.7m22.4x27x21.5x
Sun, 04 Jul 2021NZ$16.6bNZ$768.1mNZ$613.7m23.1x27.1x21.7x
Wed, 07 Apr 2021NZ$18.0bNZ$767.2mNZ$407.0m33.5x44.1x23.4x
Sat, 09 Jan 2021NZ$17.3bNZ$772.1mNZ$204.5m37.9x84.7x22.4x
Price to Earnings Ratio

66.7x


Total Market Cap: NZ$17.6bTotal Earnings: NZ$263.7mTotal Revenue: NZ$891.4mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Infrastructure Industry Price to Earnings3Y Average 49.2x202120222023
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 82.5x which is higher than its 3-year average PE of 49.2x.
  • The 3-year average PS ratio of 20.0x is higher than the industry's current PS ratio of 13.5x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have declined 9.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market1.15%
Industrials-0.16%
Infrastructure-0.80%
Highways and Railtracks0%
Marine Ports and Services-0.61%
Airport Services-0.88%
Industry PE
  • Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio of 84.6x.
    • Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 77.5% per year.
  • Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 36.6x.
Forecasted Growth
  • Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 77% per year.
  • In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 7.8% 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
AIA Auckland International AirportNZ$8.071.3%
+NZ$148.6m		0.4%PE275.7x
NPH Napier Port HoldingsNZ$2.452.1%
+NZ$10.0m		-14.6%PE29.5x
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Latest News

NPH

NZ$2.45

Napier Port Holdings

7D

2.1%

1Y

-14.6%

MMH

NZ$4.78

Marsden Maritime Holdings

7D

-0.2%

1Y

-16.9%

AIA

NZ$8.07

Auckland International Airport

7D

1.3%

1Y

0.4%

POT

NZ$5.36

Port of Tauranga

7D

-0.6%

1Y

-14.5%

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