Narrative Update • Jun 05

The Logistics industry is up 2.3% in the last week, with Mainfreight up 3.5%. This means that the industry has gained 3.7% over the past year. Earnings are forecast to grow by 11% annually.
Has the New Zealand Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Jun 2026 | NZ$9.0b | NZ$7.0b | NZ$331.1m | 27x | 27.3x | 1.3x |
| Thu, 14 May 2026 | NZ$8.2b | NZ$6.9b | NZ$333.2m | 24.8x | 24.5x | 1.2x |
| Sat, 11 Apr 2026 | NZ$8.4b | NZ$6.9b | NZ$333.2m | 25.1x | 25.1x | 1.2x |
| Mon, 09 Mar 2026 | NZ$8.9b | NZ$6.9b | NZ$333.2m | 26.9x | 26.8x | 1.3x |
| Wed, 04 Feb 2026 | NZ$9.3b | NZ$6.9b | NZ$317.5m | 28.7x | 29.3x | 1.4x |
| Fri, 02 Jan 2026 | NZ$9.5b | NZ$6.9b | NZ$317.5m | 29.8x | 30x | 1.4x |
| Sun, 30 Nov 2025 | NZ$9.3b | NZ$6.9b | NZ$317.5m | 29x | 29.3x | 1.4x |
| Tue, 28 Oct 2025 | NZ$8.5b | NZ$6.8b | NZ$338.7m | 26.1x | 25.1x | 1.2x |
| Thu, 25 Sep 2025 | NZ$8.7b | NZ$6.8b | NZ$338.7m | 26.2x | 25.5x | 1.3x |
| Sat, 23 Aug 2025 | NZ$8.2b | NZ$6.8b | NZ$308.0m | 24.5x | 26.6x | 1.2x |
| Mon, 21 Jul 2025 | NZ$8.9b | NZ$6.8b | NZ$302.6m | 25.9x | 29.3x | 1.3x |
| Wed, 18 Jun 2025 | NZ$8.9b | NZ$6.8b | NZ$302.6m | 25.7x | 29.3x | 1.3x |
| Fri, 16 May 2025 | NZ$8.8b | NZ$6.5b | NZ$227.0m | 30.1x | 38.8x | 1.4x |
| Sun, 13 Apr 2025 | NZ$7.9b | NZ$6.5b | NZ$227.0m | 27.7x | 34.9x | 1.2x |
| Tue, 11 Mar 2025 | NZ$9.0b | NZ$6.5b | NZ$227.0m | 31x | 39.9x | 1.4x |
| Thu, 06 Feb 2025 | NZ$9.1b | NZ$6.4b | NZ$221.4m | 31.7x | 41x | 1.4x |
| Sat, 04 Jan 2025 | NZ$9.3b | NZ$6.4b | NZ$221.4m | 32x | 42.1x | 1.5x |
| Mon, 02 Dec 2024 | NZ$9.2b | NZ$6.4b | NZ$221.4m | 31.6x | 41.8x | 1.4x |
| Wed, 30 Oct 2024 | NZ$9.2b | NZ$6.2b | NZ$231.4m | 30.6x | 39.7x | 1.5x |
| Fri, 27 Sep 2024 | NZ$8.8b | NZ$6.2b | NZ$231.4m | 28.7x | 38.2x | 1.4x |
| Sun, 25 Aug 2024 | NZ$9.2b | NZ$6.3b | NZ$264.9m | 30x | 34.9x | 1.5x |
| Tue, 23 Jul 2024 | NZ$9.1b | NZ$6.2b | NZ$265.0m | 29x | 34.4x | 1.5x |
| Thu, 20 Jun 2024 | NZ$8.4b | NZ$6.2b | NZ$265.0m | 26.5x | 31.6x | 1.3x |
| Sat, 18 May 2024 | NZ$8.4b | NZ$6.5b | NZ$390.3m | 20.5x | 21.6x | 1.3x |
| Mon, 15 Apr 2024 | NZ$8.5b | NZ$6.5b | NZ$390.3m | 21.4x | 21.9x | 1.3x |
| Wed, 13 Mar 2024 | NZ$8.3b | NZ$6.5b | NZ$390.3m | 20.7x | 21.4x | 1.3x |
| Fri, 09 Feb 2024 | NZ$8.6b | NZ$6.5b | NZ$402.0m | 20.6x | 21.5x | 1.3x |
| Sun, 07 Jan 2024 | NZ$8.6b | NZ$6.5b | NZ$402.0m | 20.6x | 21.4x | 1.3x |
| Tue, 05 Dec 2023 | NZ$8.4b | NZ$6.5b | NZ$402.0m | 20.2x | 20.9x | 1.3x |
| Thu, 02 Nov 2023 | NZ$7.4b | NZ$7.1b | NZ$494.4m | 16.2x | 14.9x | 1x |
| Sat, 30 Sep 2023 | NZ$8.1b | NZ$7.1b | NZ$494.4m | 17.3x | 16.4x | 1.1x |
| Mon, 28 Aug 2023 | NZ$8.3b | NZ$7.1b | NZ$495.2m | 17.9x | 16.7x | 1.2x |
| Wed, 26 Jul 2023 | NZ$8.9b | NZ$7.0b | NZ$491.7m | 19.2x | 18x | 1.3x |
| Fri, 23 Jun 2023 | NZ$8.9b | NZ$7.0b | NZ$491.7m | 19.1x | 18.1x | 1.3x |
18.1x
Which industries have driven the changes within the New Zealand Industrials industry?
| NZ Market | 1.16% | |
| Industrials | 0.71% | |
| Logistics | 2.35% | |
| Air Freight and Logistics | 2.35% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MFT Mainfreight | NZ$66.00 | 6.5% +NZ$402.8m | -4.3% | PE26.5x | |
| FRW Freightways Group | NZ$13.40 | 1.5% +NZ$35.8m | 20.5% | PE27.4x | |
| MOV MOVE Logistics Group | NZ$0.20 | 1.5% +NZ$382.8k | -0.5% | PS0.09x |