Header cover image

New Zealand (NZX) Tech Sector Analysis

UpdatedDec 07, 2021
DataAggregated Company Financials
Companies15
  • 7D-1.9%
  • 3M-17.7%
  • 1Y-8.6%
  • YTD-8.9%

Over the last 7 days, the Tech industry has dropped 1.9%, driven by a decline by ikeGPS Group of 8.5%. Meanwhile, Serko actually outperformed within the industry, gaining 6.6% in the last week. However, the industry is down 8.6% over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Thu, 09 Dec 2021NZ$4.7bNZ$871.0mNZ$4.3m24x
Sat, 06 Nov 2021NZ$5.3bNZ$801.8m-NZ$36,957,833.0035.8x
Mon, 04 Oct 2021NZ$5.4bNZ$808.0m-NZ$35,887,172.0031.8x
Wed, 01 Sep 2021NZ$5.0bNZ$806.0m-NZ$36,239,528.6036.9x
Thu, 08 Jul 2021NZ$4.9bNZ$806.0m-NZ$36,239,528.6043.5x
Wed, 31 Mar 2021NZ$4.9bNZ$799.9m-NZ$55,192,228.6022.1x
Sat, 02 Jan 2021NZ$4.3bNZ$770.5m-NZ$80,263,506.5016.6x
Tue, 06 Oct 2020NZ$4.3bNZ$787.2m-NZ$75,068,721.0017.4x
Fri, 10 Jul 2020NZ$3.9bNZ$788.6m-NZ$50,378,635.5519.7x
Thu, 02 Apr 2020NZ$1.9bNZ$788.2m-NZ$11,069,194.5034.7x
Sun, 05 Jan 2020NZ$3.3bNZ$751.9mNZ$24.1m32.6x
Wed, 09 Oct 2019NZ$2.9bNZ$738.8mNZ$44.3m28.3x
Tue, 02 Jul 2019NZ$3.5bNZ$697.5mNZ$31.0m48.7x
Fri, 05 Apr 2019NZ$2.9bNZ$666.3mNZ$20.1m37.5x
Mon, 07 Jan 2019NZ$2.7bNZ$643.1mNZ$8.3m93x
PE Ratio

93x

Total Market Cap: NZ$2.7bTotal Earnings: NZ$8.3mTotal Revenue: NZ$643.1m0%0%0%3 Year10 Year
20202021

Current Industry PE: There are only 2 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.

Past Earnings Growth: The earnings for companies in the Information Technology industry have declined 20% per year over the last three years, while revenues for these companies have grown 11% 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?

Software0.51%
Electronic Equipment and Components-3.08%
IT-3.60%

Industry PE: Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 91.7x. This is likely because analysts are expecting annual earnings growth of 89%, which is higher than its past year's earnings growth of 2.7% per year. Meanwhile, investors are most pessimistic about the IT industry, which is trading below its 3-year average of 60.7x.

Forecasted Growth: Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 109% over the next 5 years. However this is lower than its past earnings growth rate of 229% per year. Meanwhile, the IT industry is expected to see its earnings grow by 26% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
SKO Serko6.6%+NZ$50.4m30.4%n/a
PX1 Plexure Group9.9%+NZ$14.1m-62.6%n/a
PPH Pushpay Holdings0.7%+NZ$11.4m-30.3%n/a
RAK Rakon2.2%+NZ$9.1m283.3%n/a
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
Download on the App StoreGet it on Google Play
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

SKO

NZ$6.90

Serko

7D

6.6%

1Y

30.4%

ERD

NZ$4.90

EROAD

7D

-1.8%

1Y

4.0%

PYS

NZ$0.29

PaySauce

7D

-3.3%

1Y

-17.1%

RAK

NZ$1.84

Rakon

7D

2.2%

1Y

283.3%

GEO

NZ$0.15

Geo

7D

-13.1%

1Y

131.8%