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New Zealand (NZX) Infrastructure Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies5
  • 7D-1.3%
  • 3M-7.3%
  • 1Y-14.4%
  • YTD-8.7%

Over the last 7 days, the Infrastructure industry has dropped 1.3%, driven by a pullback from Auckland International Airport of 1.3%. Overall the industry is down 14% in 12 months. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Apr 2024NZ$15.8bNZ$1.3bNZ$292.7m28.3x53.9x11.8x
Sun, 24 Mar 2024NZ$16.4bNZ$1.3bNZ$292.7m27.4x56x12.2x
Tue, 20 Feb 2024NZ$16.5bNZ$1.2bNZ$194.4m29.4x84.8x13.6x
Thu, 18 Jan 2024NZ$17.4bNZ$1.2bNZ$196.6m29.5x88.7x14.4x
Sat, 16 Dec 2023NZ$16.9bNZ$1.2bNZ$196.6m30.6x86.2x14x
Mon, 13 Nov 2023NZ$15.7bNZ$1.2bNZ$197.3m25.6x79.6x13x
Wed, 11 Oct 2023NZ$16.4bNZ$1.2bNZ$197.3m26.1x83.1x13.5x
Fri, 08 Sep 2023NZ$16.7bNZ$1.2bNZ$197.3m25.7x84.5x13.8x
Sun, 06 Aug 2023NZ$17.3bNZ$1.0bNZ$250.6m23.8x68.9x16.6x
Tue, 04 Jul 2023NZ$17.7bNZ$1.0bNZ$250.6m24x70.6x17x
Thu, 01 Jun 2023NZ$18.3bNZ$1.0bNZ$250.6m24.8x72.9x17.6x
Sat, 29 Apr 2023NZ$18.2bNZ$1.0bNZ$250.9m24.5x72.7x17.8x
Mon, 27 Mar 2023NZ$18.2bNZ$1.0bNZ$250.9m24.9x72.6x17.7x
Wed, 22 Feb 2023NZ$17.8bNZ$839.9mNZ$348.6m26.3x51.1x21.2x
Fri, 20 Jan 2023NZ$17.7bNZ$838.3mNZ$349.3m28.2x50.5x21.1x
Sun, 18 Dec 2022NZ$17.3bNZ$838.3mNZ$349.3m28x49.6x20.7x
Tue, 15 Nov 2022NZ$16.5bNZ$835.3mNZ$349.6m27x47.3x19.8x
Thu, 13 Oct 2022NZ$15.9bNZ$835.3mNZ$349.6m27.2x45.4x19x
Sat, 10 Sep 2022NZ$17.0bNZ$835.3mNZ$349.6m27.6x48.5x20.3x
Mon, 08 Aug 2022NZ$17.2bNZ$792.7mNZ$699.6m20.9x24.6x21.7x
Wed, 06 Jul 2022NZ$16.4bNZ$792.7mNZ$699.6m20.7x23.4x20.7x
Fri, 03 Jun 2022NZ$16.6bNZ$792.7mNZ$699.6m22x23.8x21x
Sun, 01 May 2022NZ$17.0bNZ$794.6mNZ$701.2m22.5x24.3x21.4x
Tue, 29 Mar 2022NZ$16.7bNZ$794.6mNZ$701.2m21.9x23.8x21x
Thu, 24 Feb 2022NZ$15.6bNZ$770.6mNZ$614.5m21.2x25.3x20.2x
Sat, 22 Jan 2022NZ$16.4bNZ$770.7mNZ$614.7m19.5x26.7x21.3x
Mon, 20 Dec 2021NZ$16.7bNZ$770.7mNZ$614.7m23.7x27.2x21.7x
Wed, 17 Nov 2021NZ$18.0bNZ$768.1mNZ$613.7m18.6x29.3x23.4x
Fri, 15 Oct 2021NZ$17.2bNZ$768.1mNZ$613.7m24.7x28x22.4x
Sun, 12 Sep 2021NZ$16.7bNZ$768.1mNZ$613.7m23.3x27.3x21.8x
Tue, 10 Aug 2021NZ$16.6bNZ$768.1mNZ$613.7m23.2x27x21.6x
Mon, 03 May 2021NZ$17.4bNZ$767.2mNZ$407.0m35.2x42.8x22.7x
Price to Earnings Ratio

42.8x


Total Market Cap: NZ$17.4bTotal Earnings: NZ$407.0mTotal Revenue: NZ$767.2mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Infrastructure Industry Price to Earnings3Y Average 49.7x202220232024
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 53.9x which is higher than its 3-year average PE of 49.7x.
  • The 3-year average PS ratio of 18.8x is higher than the industry's current PS ratio of 11.8x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 20% 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 Market0.66%
Industrials-0.81%
Infrastructure-1.30%
Highways and Railtracks0%
Marine Ports and Services-0.72%
Airport Services-1.50%
Industry PE
  • Investors are most optimistic about the Airport Services industry even though it's trading below its 3-year average PE ratio of 95.9x.
    • Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 79.3% per year.
  • Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 34.6x.
Forecasted Growth
  • Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 79% per year.
  • In contrast, the Marine Ports and Services 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?

CompanyLast Price7D1YValuation
POT Port of TaurangaNZ$5.093.5%
+NZ$115.6m		-19.3%PE34.1x
NPH Napier Port HoldingsNZ$2.381.3%
+NZ$6.0m		-5.2%PE28.6x
MMH Marsden Maritime HoldingsNZ$4.162.7%
+NZ$4.5m		-18.4%PE22.1x
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Latest News

AIA

NZ$7.75

Auckland International Airport

7D

-1.3%

1Y

-12.3%

Auckland International Airport Limited's (NZSE:AIA) Price In Tune With Earnings

Apr 23
Auckland International Airport Limited's (NZSE:AIA) Price In Tune With Earnings

MMH

NZ$4.16

Marsden Maritime Holdings

7D

2.7%

1Y

-18.4%

POT

NZ$5.09

Port of Tauranga

7D

3.5%

1Y

-19.3%

Port of Tauranga (NZSE:POT) Has A Pretty Healthy Balance Sheet

Apr 11
Port of Tauranga (NZSE:POT) Has A Pretty Healthy Balance Sheet

SPN

NZ$5.69

South Port New Zealand

7D

-2.7%

1Y

-28.6%

NPH

NZ$2.38

Napier Port Holdings

7D

1.3%

1Y

-5.2%