Lacklustre Performance Is Driving EROAD Limited's (NZSE:ERD) 34% Price Drop
Dec 12
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New Zealand (NZX) Tech Sector Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies10
- 7D-1.5%
- 3M-14.4%
- 1Y-15.5%
- YTD-14.2%
Over the last 7 days, the Tech industry has dropped 1.6%, driven by pullbacks in EROAD and Gentrack Group of 12% and 2.7%, respectively. In contrast, Serko has gained 6.1%. Overall the industry is down 16% in 12 months. Looking forward, earnings are forecast to grow by 51% annually.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | NZ$2.8b | NZ$910.3m | -NZ$158,866,706.00 | 47.4x | -17.3x | 3x |
| Tue, 11 Nov 2025 | NZ$2.7b | NZ$866.3m | -NZ$32,451,685.00 | 83.9x | -83.3x | 3.1x |
| Thu, 09 Oct 2025 | NZ$3.1b | NZ$866.4m | -NZ$32,224,685.00 | 93.5x | -96.2x | 3.6x |
| Sat, 06 Sep 2025 | NZ$3.1b | NZ$866.4m | -NZ$32,224,685.00 | 89x | -97.1x | 3.6x |
| Mon, 04 Aug 2025 | NZ$3.1b | NZ$858.9m | -NZ$32,189,685.00 | 54.4x | -95.4x | 3.6x |
| Wed, 02 Jul 2025 | NZ$3.2b | NZ$858.9m | -NZ$32,189,685.00 | 65.8x | -99.3x | 3.7x |
| Fri, 30 May 2025 | NZ$3.1b | NZ$855.3m | -NZ$33,280,044.00 | 63.4x | -93.2x | 3.6x |
| Sun, 27 Apr 2025 | NZ$2.9b | NZ$830.6m | -NZ$29,294,044.00 | 15.4x | -98.8x | 3.5x |
| Tue, 25 Mar 2025 | NZ$3.0b | NZ$830.7m | -NZ$29,294,044.00 | 16.8x | -103.6x | 3.7x |
| Thu, 20 Feb 2025 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 71.7x | -85.6x | 3.8x |
| Sat, 18 Jan 2025 | NZ$3.0b | NZ$818.0m | -NZ$36,762,044.00 | 71.2x | -82.1x | 3.7x |
| Mon, 16 Dec 2024 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 74.7x | -84.7x | 3.8x |
| Wed, 13 Nov 2024 | NZ$2.8b | NZ$802.7m | -NZ$29,954,615.00 | 34.8x | -94.1x | 3.5x |
| Fri, 11 Oct 2024 | NZ$2.8b | NZ$797.0m | -NZ$32,010,615.00 | 35.8x | -87.2x | 3.5x |
| Sun, 08 Sep 2024 | NZ$2.8b | NZ$797.1m | -NZ$31,881,615.00 | 46.3x | -89x | 3.6x |
| Tue, 06 Aug 2024 | NZ$2.6b | NZ$797.7m | -NZ$43,400,615.00 | 40.3x | -60.9x | 3.3x |
| Thu, 04 Jul 2024 | NZ$2.6b | NZ$797.7m | -NZ$43,400,615.00 | 38.3x | -58.9x | 3.2x |
| Sat, 01 Jun 2024 | NZ$2.4b | NZ$804.2m | -NZ$43,688,398.00 | 40.3x | -55.7x | 3x |
| Mon, 29 Apr 2024 | NZ$2.2b | NZ$801.6m | -NZ$44,547,398.00 | 32.5x | -50.3x | 2.8x |
| Wed, 27 Mar 2024 | NZ$2.4b | NZ$801.6m | -NZ$44,547,398.00 | 35.5x | -52.8x | 2.9x |
| Fri, 23 Feb 2024 | NZ$2.2b | NZ$801.2m | -NZ$47,523,398.00 | 36.6x | -47.1x | 2.8x |
| Sun, 21 Jan 2024 | NZ$2.1b | NZ$804.3m | -NZ$53,647,398.00 | 34.9x | -39.4x | 2.6x |
| Tue, 19 Dec 2023 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 33.1x | -40.7x | 2.7x |
| Thu, 16 Nov 2023 | NZ$1.9b | NZ$797.6m | -NZ$43,077,466.00 | 7x | -43.2x | 2.3x |
| Sat, 14 Oct 2023 | NZ$1.9b | NZ$797.6m | -NZ$43,077,466.00 | 7.1x | -43.8x | 2.4x |
| Mon, 11 Sep 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.4x | -40.9x | 2.3x |
| Wed, 09 Aug 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.5x | -40.1x | 2.4x |
| Fri, 07 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.3x | -40.1x | 2.4x |
| Sun, 04 Jun 2023 | NZ$1.7b | NZ$789.1m | -NZ$47,453,637.00 | 10.9x | -34.9x | 2.1x |
| Tue, 02 May 2023 | NZ$1.5b | NZ$712.3m | -NZ$64,052,090.00 | 9.7x | -23x | 2.1x |
| Thu, 30 Mar 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9.1x | -22x | 2x |
| Sat, 25 Feb 2023 | NZ$3.3b | NZ$1.1b | -NZ$18,213,485.00 | 25.9x | -183x | 3x |
| Mon, 23 Jan 2023 | NZ$3.3b | NZ$1.1b | -NZ$19,795,882.00 | 27x | -167.4x | 3.1x |
| Wed, 21 Dec 2022 | NZ$3.3b | NZ$1.1b | -NZ$18,898,575.00 | 26.3x | -172.1x | 3x |
Price to Earnings Ratio
-172.1x
Current Industry PE
- Investors are relatively neutral on the New Zealander Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Revenues have also declined 5.9% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | -0.62% | |
| Tech | -1.53% | |
| IT | 0% | 0 |
| Software | -0.49% | |
| Electronic Equipment and Components | -5.15% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 82% over the next 5 years.
- In contrast, the Software industry is expected to see its earnings grow by 42% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SKO Serko | NZ$2.95 | 6.1% +NZ$21.0m | -22.2% | PS3.4x | |
| ENS Enprise Group | NZ$0.56 | 3.7% +NZ$401.0k | -44.0% | PS0.5x |