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New Zealand (NZX) Tech Sector Analysis

UpdatedDec 26, 2024
DataAggregated Company Financials
Companies10
  • 7D0.6%
  • 3M8.2%
  • 1Y39.1%
  • YTD37.9%

The Tech is pretty flat in the last 7 days, but EROAD has stood out, gaining 13%. The past year has been better, since the industry has gained 40% in that time. Earnings are forecast to grow by 50% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Dec 2024NZ$3.0bNZ$818.0m-NZ$36,762,044.0070.1x-82.9x3.7x
Sat, 23 Nov 2024NZ$2.9bNZ$804.3m-NZ$30,215,615.0034.8x-94.3x3.5x
Mon, 21 Oct 2024NZ$2.7bNZ$797.0m-NZ$32,010,615.0035.3x-85.9x3.5x
Wed, 18 Sep 2024NZ$2.8bNZ$797.1m-NZ$31,881,615.0047.7x-87.9x3.5x
Fri, 16 Aug 2024NZ$2.9bNZ$797.6m-NZ$37,100,615.0040.3x-78.4x3.6x
Sun, 14 Jul 2024NZ$2.6bNZ$797.7m-NZ$43,400,615.0038.8x-60.8x3.3x
Tue, 11 Jun 2024NZ$2.4bNZ$797.7m-NZ$43,400,615.0036.8x-55.7x3x
Thu, 09 May 2024NZ$2.2bNZ$801.6m-NZ$44,547,398.0027.8x-50.5x2.8x
Sat, 06 Apr 2024NZ$2.4bNZ$801.6m-NZ$44,547,398.0034x-52.8x2.9x
Mon, 04 Mar 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0038.4x-51.1x2.8x
Wed, 31 Jan 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0038.4x-40.2x2.7x
Fri, 29 Dec 2023NZ$2.2bNZ$804.3m-NZ$53,647,398.0036.4x-40.5x2.7x
Sun, 26 Nov 2023NZ$1.8bNZ$788.7m-NZ$46,115,936.0017.7x-39.8x2.3x
Tue, 24 Oct 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.007x-42.5x2.3x
Thu, 21 Sep 2023NZ$1.8bNZ$797.5m-NZ$44,351,466.007.4x-40.3x2.2x
Sat, 19 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.6x-39.6x2.4x
Mon, 17 Jul 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.9x-40.3x2.4x
Wed, 14 Jun 2023NZ$1.7bNZ$788.2m-NZ$47,453,466.0010.7x-36.9x2.2x
Fri, 12 May 2023NZ$1.4bNZ$707.7m-NZ$63,284,090.009.7x-22.9x2x
Sun, 09 Apr 2023NZ$1.4bNZ$712.3m-NZ$64,052,090.008.9x-22.3x2x
Tue, 07 Mar 2023NZ$3.2bNZ$1.1b-NZ$21,700,954.0024.1x-148.5x2.9x
Thu, 02 Feb 2023NZ$3.4bNZ$1.1b-NZ$19,740,521.0026.8x-171.1x3.1x
Sat, 31 Dec 2022NZ$3.2bNZ$1.1b-NZ$18,981,617.0026.7x-170.7x3x
Mon, 28 Nov 2022NZ$3.2bNZ$1.1b-NZ$26,584,540.0026.1x-121.1x3x
Wed, 26 Oct 2022NZ$3.1bNZ$1.0bNZ$933.0k17.7x3321.4x3x
Fri, 23 Sep 2022NZ$3.3bNZ$1.0b-NZ$25,018,648.0018.5x-131.1x3.1x
Sun, 21 Aug 2022NZ$3.7bNZ$1.0b-NZ$11,530,909.0021.1x-320.9x3.7x
Tue, 19 Jul 2022NZ$3.5bNZ$1.0b-NZ$11,434,040.0020.1x-309.5x3.5x
Thu, 16 Jun 2022NZ$3.4bNZ$1.0b-NZ$1,164,772.0020.5x-2920x3.4x
Sat, 14 May 2022NZ$3.8bNZ$936.5mNZ$3.2m20.9x1198x4.1x
Mon, 11 Apr 2022NZ$3.9bNZ$885.4mNZ$3.7m19.6x1055.7x4.4x
Wed, 09 Mar 2022NZ$3.8bNZ$885.9mNZ$3.7m18.5x1017.3x4.2x
Fri, 04 Feb 2022NZ$4.3bNZ$876.2mNZ$5.3m19.4x818.5x4.9x
Sun, 02 Jan 2022NZ$5.0bNZ$867.4mNZ$3.5m21.2x1400.4x5.7x
Price to Earnings Ratio

1400.4x


Total Market Cap: NZ$5.0bTotal Earnings: NZ$3.5mTotal Revenue: NZ$867.4mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average 49.7x20232024
Current Industry PE
  • Investors are optimistic on the New Zealander Information Technology industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.7x.
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 remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.66%
Tech0.57%
Electronic Equipment and Components8.18%
IT0%
Communications0%
Tech Hardware0%
Semiconductors0%
Software-0.58%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 75% over the next 5 years.
    • In contrast, the Software industry is expected to see its earnings grow by 45% 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
    		ERD EROADNZ$1.0812.5%
    +NZ$22.4m    		3.8%PS1.1x
    		VGL Vista Group InternationalNZ$3.072.3%
    +NZ$16.6m    		90.7%PS5.1x
    		SKO SerkoNZ$3.802.7%
    +NZ$12.2m    		-6.4%PS6.2x
    		RAK RakonNZ$0.595.4%
    +NZ$6.8m    		-52.0%PS1.2x
    		IKE ikeGPS GroupNZ$0.583.6%
    +NZ$3.2m    		11.5%PS4.1x
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    Latest News

    VGL

    NZ$3.07

    Vista Group International

    7D

    2.3%

    1Y

    90.7%

    IKE

    NZ$0.58

    ikeGPS Group

    7D

    3.6%

    1Y

    11.5%

    GTK

    NZ$12.60

    Gentrack Group

    7D

    -4.2%

    1Y

    90.3%

    SKO

    NZ$3.80

    Serko

    7D

    2.7%

    1Y

    -6.4%

    RAK

    NZ$0.59

    Rakon

    7D

    5.4%

    1Y

    -52.0%

    ERD

    NZ$1.08

    EROAD

    7D

    12.5%

    1Y

    3.8%

    SDL

    NZ$0.66

    Solution Dynamics

    7D

    -9.6%

    1Y

    -54.5%

    ENS

    NZ$1.10

    Enprise Group

    7D

    10.0%

    1Y

    n/a

    BPG

    NZ$1.17

    Black Pearl Group

    7D

    0.9%

    1Y

    154.3%