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New Zealand (NZX) Logistics Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies3
  • 7D5.5%
  • 3M-1.4%
  • 1Y-0.9%
  • YTD-7.1%

The Logistics industry is up 9.6% in the last week, with Mainfreight up 7.0%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026NZ$8.8bNZ$7.0bNZ$331.1m26.5x26.5x1.3x
Sat, 02 May 2026NZ$8.5bNZ$6.9bNZ$333.2m25.2x25.4x1.2x
Mon, 30 Mar 2026NZ$8.2bNZ$6.9bNZ$333.2m24.3x24.5x1.2x
Wed, 25 Feb 2026NZ$9.0bNZ$6.9bNZ$325.2m27.6x27.6x1.3x
Fri, 23 Jan 2026NZ$9.4bNZ$6.9bNZ$317.5m29.7x29.7x1.4x
Sun, 21 Dec 2025NZ$9.4bNZ$6.9bNZ$317.5m29.2x29.6x1.4x
Tue, 18 Nov 2025NZ$9.3bNZ$6.9bNZ$317.5m29x29.4x1.4x
Thu, 16 Oct 2025NZ$8.6bNZ$6.8bNZ$338.7m26x25.5x1.3x
Sat, 13 Sep 2025NZ$8.5bNZ$6.8bNZ$338.7m25.1x25x1.2x
Mon, 11 Aug 2025NZ$8.2bNZ$6.8bNZ$302.6m24.7x27.1x1.2x
Wed, 09 Jul 2025NZ$8.7bNZ$6.8bNZ$302.6m25.7x28.8x1.3x
Fri, 06 Jun 2025NZ$9.0bNZ$6.8bNZ$302.6m25.9x29.7x1.3x
Sun, 04 May 2025NZ$8.1bNZ$6.5bNZ$227.0m27.8x35.6x1.3x
Tue, 01 Apr 2025NZ$8.1bNZ$6.5bNZ$227.0m28.2x35.7x1.3x
Thu, 27 Feb 2025NZ$8.7bNZ$6.5bNZ$225.2m30.5x38.7x1.3x
Sat, 25 Jan 2025NZ$9.0bNZ$6.4bNZ$221.4m31.4x40.7x1.4x
Mon, 23 Dec 2024NZ$9.1bNZ$6.4bNZ$221.4m31.3x41x1.4x
Wed, 20 Nov 2024NZ$9.3bNZ$6.4bNZ$221.4m31.9x42.2x1.5x
Fri, 18 Oct 2024NZ$8.9bNZ$6.2bNZ$231.4m29.9x38.5x1.4x
Sun, 15 Sep 2024NZ$9.2bNZ$6.2bNZ$231.4m30x39.6x1.5x
Tue, 13 Aug 2024NZ$8.9bNZ$6.2bNZ$265.0m28.8x33.8x1.4x
Thu, 11 Jul 2024NZ$8.7bNZ$6.2bNZ$265.0m27.3x32.8x1.4x
Sat, 08 Jun 2024NZ$8.4bNZ$6.2bNZ$265.0m26.7x31.9x1.4x
Mon, 06 May 2024NZ$8.5bNZ$6.5bNZ$390.3m21.1x21.8x1.3x
Wed, 03 Apr 2024NZ$8.7bNZ$6.5bNZ$390.3m21.8x22.3x1.3x
Fri, 01 Mar 2024NZ$8.5bNZ$6.5bNZ$390.3m20.9x21.7x1.3x
Sun, 28 Jan 2024NZ$8.7bNZ$6.5bNZ$402.0m20.7x21.6x1.3x
Tue, 26 Dec 2023NZ$8.5bNZ$6.5bNZ$402.0m20.2x21.1x1.3x
Thu, 23 Nov 2023NZ$8.1bNZ$6.5bNZ$402.0m19.4x20x1.2x
Sat, 21 Oct 2023NZ$7.7bNZ$7.1bNZ$494.4m17x15.6x1.1x
Mon, 18 Sep 2023NZ$8.1bNZ$7.1bNZ$494.4m17.9x16.4x1.1x
Wed, 16 Aug 2023NZ$8.3bNZ$7.0bNZ$491.7m18.3x16.9x1.2x
Fri, 14 Jul 2023NZ$8.9bNZ$7.0bNZ$491.7m19.2x18.1x1.3x
Sun, 11 Jun 2023NZ$8.7bNZ$7.0bNZ$491.7m19.1x17.7x1.2x
Price to Earnings Ratio

17.7x


Total Market Cap: NZ$8.7bTotal Earnings: NZ$491.7mTotal Revenue: NZ$7.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Logistics Industry Price to Earnings3Y Average 28.1x202420252026
Current Industry PE
    There are only 3 companies in the New Zealander Logistics industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Logistics industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-0.43%
Industrials0.85%
Logistics5.49%
Air Freight and Logistics5.49%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MFT MainfreightNZ$62.747.0%
+NZ$411.9m		-8.4%PE25.2x
FRW Freightways GroupNZ$13.651.9%
+NZ$46.5m		25.2%PE27.9x

Latest News

MFT
NZ$62.74
Mainfreight
7D
7.0%
1Y
-8.4%
FRW
NZ$13.65
Freightways Group
7D
1.9%
1Y
25.2%
Narrative Update • May 22

FRW: Future Dividend Profile Will Support A More Confident Earnings Outlook

Analysts have trimmed their price target on Freightways Group slightly, with fair value moving from NZ$15.36 to NZ$15.19 as they factor in updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Valuation Changes Fair Value: NZ$15.36 has edged down slightly to NZ$15.19.
MOV
NZ$0.20
MOVE Logistics Group
7D
-4.8%
1Y
9.3%