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New Zealand (NZX) Tech Sector Analysis

UpdatedDec 06, 2022
DataAggregated Company Financials
Companies15
  • 7D4.1%
  • 3M0.2%
  • 1Y-27.2%
  • YTD-31.8%

In the last week, the Tech industry is up 4.1%, with Smartpay Holdings up 12%. During this same period, the Rakon underperformed, falling 8.3%. However, the industry is down 27% over the past year. Earnings are forecast to grow by 42% annually.

Sector Valuation and Performance

Has the New Zealand Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Dec 2022NZ$3.4bNZ$1.1b-NZ$19,264,645.0026.5x-176.2x3.1x
Thu, 03 Nov 2022NZ$3.3bNZ$1.0b-NZ$563,472.0019.2x-5808.9x3.2x
Sat, 01 Oct 2022NZ$3.2bNZ$1.1b-NZ$23,184,824.0017.4x-137.6x3x
Mon, 29 Aug 2022NZ$3.6bNZ$1.0b-NZ$11,933,020.0020.5x-298.5x3.5x
Wed, 27 Jul 2022NZ$3.5bNZ$1.0b-NZ$12,265,775.0020x-284.9x3.5x
Fri, 24 Jun 2022NZ$3.4bNZ$1.0b-NZ$12,589,784.0020.8x-273.3x3.4x
Sun, 22 May 2022NZ$3.6bNZ$931.3mNZ$606.1k19.9x5908.9x3.8x
Tue, 19 Apr 2022NZ$3.8bNZ$888.3mNZ$4.3m19.1x878.6x4.2x
Thu, 17 Mar 2022NZ$3.8bNZ$888.8mNZ$4.3m19.2x883.7x4.2x
Sat, 12 Feb 2022NZ$4.3bNZ$872.1mNZ$4.5m16.5x952.2x4.9x
Mon, 10 Jan 2022NZ$4.9bNZ$870.8mNZ$4.2m21.2x1152x5.6x
Wed, 08 Dec 2021NZ$4.7bNZ$871.0mNZ$4.3m24x1108.9x5.4x
Fri, 05 Nov 2021NZ$5.3bNZ$800.7m-NZ$37,160,516.0036.5x-142.9x6.6x
Sun, 03 Oct 2021NZ$5.4bNZ$808.0m-NZ$35,887,172.0031.8x-149.3x6.6x
Tue, 31 Aug 2021NZ$5.0bNZ$806.0m-NZ$36,239,528.6039.8x-139x6.3x
Wed, 07 Jul 2021NZ$4.9bNZ$806.0m-NZ$36,239,528.6043.5x-134.8x6.1x
Sat, 10 Apr 2021NZ$4.9bNZ$799.9m-NZ$55,192,228.6022.1x-88.6x6.1x
Fri, 01 Jan 2021NZ$4.3bNZ$770.5m-NZ$80,263,506.5016.6x-53.9x5.6x
Mon, 05 Oct 2020NZ$4.3bNZ$787.2m-NZ$75,068,721.0017.4x-57.7x5.5x
Thu, 09 Jul 2020NZ$3.9bNZ$788.6m-NZ$50,378,635.5519.7x-78x5x
Wed, 01 Apr 2020NZ$1.9bNZ$788.2m-NZ$11,069,194.5034.7x-171.2x2.4x
Sat, 04 Jan 2020NZ$3.3bNZ$751.9mNZ$24.1m32.6x135.1x4.3x
Price to Earnings Ratio

135.1x


Total Market Cap: NZ$3.3bTotal Earnings: NZ$24.1mTotal Revenue: NZ$751.9mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average 69.4x20212022
Current Industry PE
  • Investors are pessimistic on the New Zealander Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 13% 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 Tech sector?

NZ Market2.08%
Tech4.13%
Software11.87%
IT2.19%
Communications0%
Tech Hardware0%
Semiconductors0%
Electronic Equipment and Components-3.16%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 60.6x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 5.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 73% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 19% 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
SPY Smartpay HoldingsNZ$1.1111.6%
+NZ$27.4m
46.1%PE46.3x
SKO SerkoNZ$2.533.3%
+NZ$9.6m
-63.3%PS10.8x
GTK Gentrack GroupNZ$2.452.9%
+NZ$7.1m
40.8%PS2x
IKE ikeGPS GroupNZ$0.942.2%
+NZ$3.2m
9.3%PS5.9x
SNC Southern Charter Financial GroupNZ$0.006n/a
NZ$3.1m
n/aPB1.7x
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Latest News

ERD

NZ$1.20

EROAD

7D

-4.0%

1Y

-75.5%

SPY

NZ$1.11

Smartpay Holdings

7D

11.6%

1Y

46.1%

GTK

NZ$2.45

Gentrack Group

7D

2.9%

1Y

40.8%

IKE

NZ$0.94

ikeGPS Group

7D

2.2%

1Y

9.3%

SKO

NZ$2.53

Serko

7D

3.3%

1Y

-63.3%

RAK

NZ$1.11

Rakon

7D

-8.3%

1Y

-40.0%

PYS

NZ$0.29

PaySauce

7D

-7.9%

1Y

0%

SDL

NZ$2.20

Solution Dynamics

7D

0.5%

1Y

-22.0%

GEO

NZ$0.057

Geo

7D

-5.0%

1Y

-62.7%

SNC

NZ$0.006

Southern Charter Financial Group

7D

n/a

1Y

n/a