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New Zealand (NZX) Real Estate Industry Analysis

UpdatedJul 07, 2024
DataAggregated Company Financials
Companies2
  • 7D-5.3%
  • 3M-15.7%
  • 1Y-6.3%
  • YTD-29.3%

In the last week, the Real Estate industry is up 4.7%, with all of the companies up. In the last 12 months, the industry was up 5.7%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jul 2024NZ$765.6mNZ$235.1mNZ$53.4m14.8x14.3x3.3x
Tue, 04 Jun 2024NZ$841.8mNZ$235.1mNZ$53.4m15.6x15.8x3.6x
Thu, 02 May 2024NZ$867.7mNZ$235.1mNZ$53.4m16.3x16.3x3.7x
Sat, 30 Mar 2024NZ$906.6mNZ$235.1mNZ$53.4m17.1x17x3.9x
Mon, 26 Feb 2024NZ$956.7mNZ$235.5mNZ$53.2m16.9x18x4.1x
Wed, 24 Jan 2024NZ$1.0bNZ$242.7mNZ$78.0m15.1x13x4.2x
Fri, 22 Dec 2023NZ$971.5mNZ$242.7mNZ$78.0m14.1x12.5x4x
Sun, 19 Nov 2023NZ$938.7mNZ$242.7mNZ$78.0m14x12x3.9x
Tue, 17 Oct 2023NZ$878.2mNZ$242.7mNZ$78.0m13.1x11.3x3.6x
Thu, 14 Sep 2023NZ$894.5mNZ$242.7mNZ$78.0m13.2x11.5x3.7x
Sat, 12 Aug 2023NZ$933.0mNZ$231.5mNZ$78.1m13.6x11.9x4x
Mon, 10 Jul 2023NZ$802.3mNZ$267.4mNZ$96.0m8.1x8.4x3x
Wed, 07 Jun 2023NZ$766.8mNZ$267.4mNZ$96.0m7.7x8x2.9x
Fri, 05 May 2023NZ$780.2mNZ$267.4mNZ$96.0m7.8x8.1x2.9x
Sun, 02 Apr 2023NZ$947.5mNZ$278.7mNZ$106.5m9.2x8.9x3.4x
Tue, 28 Feb 2023NZ$927.8mNZ$275.6mNZ$135.7m7.1x6.8x3.4x
Thu, 26 Jan 2023NZ$902.7mNZ$246.1mNZ$104.7m6.5x8.6x3.7x
Sat, 24 Dec 2022NZ$855.5mNZ$246.1mNZ$104.7m6.6x8.2x3.5x
Mon, 21 Nov 2022NZ$1.0bNZ$246.1mNZ$104.7m7.1x9.6x4.1x
Wed, 19 Oct 2022NZ$1.0bNZ$246.1mNZ$104.7m7.1x10x4.3x
Fri, 16 Sep 2022NZ$1.1bNZ$246.1mNZ$104.7m7x10.5x4.5x
Sun, 14 Aug 2022NZ$1.1bNZ$224.9mNZ$89.8m8x12.4x4.9x
Tue, 12 Jul 2022NZ$1.2bNZ$224.9mNZ$89.8m7.6x13.1x5.2x
Thu, 09 Jun 2022NZ$1.2bNZ$224.9mNZ$89.8m8.4x13.4x5.4x
Sat, 07 May 2022NZ$1.4bNZ$224.9mNZ$89.8m10x15.2x6.1x
Mon, 04 Apr 2022NZ$1.5bNZ$224.9mNZ$89.8m10.9x16.5x6.6x
Wed, 02 Mar 2022NZ$1.4bNZ$224.9mNZ$89.8m10.1x16x6.4x
Fri, 28 Jan 2022NZ$1.1bNZ$597.6kNZ$18.1mn/a63x1912.1x
Sun, 26 Dec 2021NZ$1.2bNZ$597.6kNZ$18.1m6x67.6x2052.7x
Tue, 23 Nov 2021NZ$108.5mNZ$597.6kNZ$18.1mn/a6x181.6x
Thu, 21 Oct 2021NZ$106.6mNZ$597.6kNZ$18.1m5.9x5.9x178.4x
Sat, 18 Sep 2021NZ$88.4mNZ$597.6kNZ$18.1m4.9x4.9x147.9x
Mon, 16 Aug 2021NZ$85.2mNZ$597.6kNZ$18.1m4.7x4.7x142.6x
Price to Earnings Ratio

4.8x


Total Market Cap: NZ$86.8mTotal Earnings: NZ$18.1mTotal Revenue: NZ$597.6kTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Real Estate Industry Price to Earnings3Y Average 13.9x202220232024
Current Industry PE
    There are only 2 companies in the New Zealander Real Estate 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 Real Estate industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 633% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Real Estate industry?

NZ Market0.96%
Real Estate-0.37%
Real Estate-5.29%
Diversified Real Estate0%
Real Estate Operating Companies0%
Real Estate Services0%
Real Estate Development-5.29%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 13.3x.
    • Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings decline of 47.6% per year.
  • Investors are most pessimistic about the Real Estate Development industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 48% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings grow by 15% 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
CDI CDL Investments New ZealandNZ$0.732.8%
+NZ$5.8m		-5.2%PE15.8x
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